Impact Report 2021
The Power of Property
In early 2021, Property Council commissioned Urban Economics to investigate the economic impact of the New Zealand property industry.
The report analysed the property industry’s economic contribution, size, value, and employment numbers, both nationally and in the main regions. The results were startling; in the decade from 2009 to 2019, the property industry’s direct contribution to GDP has ballooned from $21.6 billion (12% of total GDP) to $41.2 billion (15% of GDP).
That’s 90% growth in ten years.
To put that in perspective, our closest industry rival was manufacturing, which rose from $23.5 billion to $30.7 billion, a 30% increase.
Far from being an isolated blip on the charts, the true power of property deepens as we look more closely at the findings…
(If you’re in a hurry, take a leap to download the report immediately).
Keep an eye on our social media channels as we share the facts about the #powerofproperty and join the campaign by liking, sharing, and commenting on our posts.
The 2016 Economic Significance of the Property Industry to the New Zealand Economy report, prepared for Property Council New Zealand by Urban Economics, was a slightly simplified version of the 2021 report, again based on analysis of the property industry’s economic contribution, size, value, and employment numbers.