Wellington confidence booming

Stuff reports:

After years in the doldrums, Wellington has emerged as the most optimistic part of the country.

The latest Westpac McDermott Miller regional economic confidence survey saw the capital unseat Bay of Plenty as New Zealand’s most upbeat region, with a net 39 per cent of residents expecting good economic times in the year ahead ahead. …

Westpac industry economist David Norman said Wellington was now at its most optimistic in nine years.

“Wellington’s regional economic confidence has been inexplicably weak in recent times, but it appears that residents are beginning to acknowledge the strength in the local economy, with expectations that the region will be better off in a year,” Norman said.

“The population is growing, house prices are surging, and the region enjoys some of the highest incomes in the country.”

There is a good vibe about at the moment.

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