Since we were discussing Christchurch
18/04/2012 § 3 Comments
…please allow me to point you to the latest Insight from NZIER (my day job). Shamubeel Eaqub has put together the numbers so you don’t have to.
A few highlights (if I can call them that):
- residential building area consented is only just now almost reaching the pre-earthquakes level. Ay caramba! A bunch of house FELL DOWN and we aren’t replacing them?
- non-residential building consents are below 2007, 2008, and 2009. Of course, there was talk of over-building then, and also a clear shift from run-down spaces to shiny happy tilt-slab spaces. But still, to reiterate, a bunch of buildings FELL DOWN or were pushed over.
- Only 5,400 taxpayers appear to have left, with an unknown number of dependents in tow. That’s really good news, because it means that people aren’t just abandoning the city.
- OTOH, the data show 28,000 lost jobs! Yikes! This is a city with a population about a bit less than 400,000 people. Lovely that people have decided to stay, but how are they putting food on the table?
So, please, have a look.