Workers needing homes
After a two year decline Infometrics latest report shows for the second year in a row more than 100 jobs have been introduced to the South Waikato labour market.
The trend was echoed with an increase in economic gain by 0.9 per cent to December 2016 which South Waikato mayor Jenny Shattock said was positive.
‘‘The council will continue to support this positive trend through our business friendly and solutions focused approach, changing perceptions of our district by showcasing the many business and lifestyle opportunities and working with training providers, and industry leaders on successful programmes like the South Waikato Trade Training,’’ she said.
The quarterly report also shows traffic flows were up 6.3 per cent, compared to 4.5 per cent nationally.
South Waikato house prices have also significantly risen and while a sign of positive growth for the district, it’s created significant pressure on the housing market.
Over the last quarter, there has also been a further 8.6 per cent increase in residential rental prices which is an eight year high.
The council has identified residential growth planning in its Draft Annual Plan to help address land and housing supply pressures in the mid-to-long-term.
The South Waikato has seen a rise in new jobs in recent months.