The World’s Most Liveable City
“Despite the technological breakthroughs that
have caused the death of distance, it turns out
that the world isn’t flat, it’s paved.
The city has triumphed”
Glaeser, 2010
Liveable for who?
Largest New Zealand regions
2,000,000
1,800,000
1,600,000
1,400,000
Population
1,200,000
Auckland
Canterbury
1,000,000
Wellington
Waikato
800,000
Otago
600,000
400,000
200,000
1935
1945
Source: Statistics New Zealand
1955
1965
1975
1985
1995
2005
2015
2025
2035
An additional person every …
250
221
200
Minutes
150
99
100
103
63
50
17
0
Auckland
Christchurch
Source: Statistics New Zealand, Auckland Council calculations
Wellington
Hamilton
Dunedin
The lure of Auckland . . .
15000
Annual net migration flow
10000
5000
0
-5000
-10000
Auckland
Source: Statistics New Zealand
Rest of New Zealand
Apr-12
Apr-11
Apr-10
Apr-09
Apr-08
Apr-07
Apr-06
Apr-05
-15000
Mercer Liveability Survey
0
Source: OECD Regions at a Glance 2011
Daejeon
Busan
Jeollabuk-Do
Okinawa
Gyeonggi-Do
Gangwon-Do
Nagasaki
North Island = 56th
Miyazaki
Chungcheongbuk-Do
Kagoshima
Aomori
Tokushima
Iwate
Wakayama
Akita
Hyogo
Saga
Yamagata
Tasmania
Kagawa
Fukuoka
Gumma
Niigata
South Australia
Kyoto
Jeollanam-Do
Yamaguchi
Fukui
Qeensland
Hiroshima
Shiga
Osaka
Chungcheongnam-Do
Western Australia
Australian Capital…
Tokyo
GDP per capita (PPP)
Regional GDP per capita in Asia-Pacific region
South Island = 64th
60
50
40
30
20
10
The GFC and GDP per capita
$60,000
Year to Sep. 2012:
$55,000
Auckland GDP per
capita = $50,200
$7,100 gap
$50,000
$45,000
AKL GDP per capita
Source: Statistics NZ, Infometrics
Linear (2001-2008 Trend)
Sep-12
Sep-11
Sep-10
Sep-09
Sep-08
Sep-07
Sep-06
Sep-05
Sep-04
Sep-03
Sep-02
$40,000
Sep-01
Annual real AKL GDP per capita ($2012)
Auckland real GDP per capita
Our economic targets:
A 6% PLUS INCREASE IN REGIONAL EXPORTS
A- 5%
A 5%
PLUS
PLUS
INCREASE
INCREASE
IN IN
REAL
REAL
GDP
GDP
A 2% PLUS INCREASE IN PRODUCTIVITY GROWTH
Unemployment rate
Auckland & New Zealand
9.0%
Year to Dec. 2012:
8.0%
Moving Annual Average
7.0%
6.0%
Auckland
7.7%
RoNZ
6.5%
5.0%
NZ Treasury forecasts:
4.0%
3.0%
2.0%
1.0%
2013
5.8%
2014
5.3%
2015
5.0%
2016
4.7%
Auckland
Source: Statistics New Zealand
New Zealand
Dec-12
Jun-12
Dec-11
Jun-11
Dec-10
Jun-10
Dec-09
Jun-09
Dec-08
Jun-08
Dec-07
Jun-07
Dec-06
Jun-06
Dec-05
Jun-05
Dec-04
Jun-04
Dec-03
Jun-03
Dec-02
0.0%
Unemployment by qualification
Auckland, annual average
50%
40%
30%
20%
10%
No School qualification
Source: Statistics New Zealand
Total
Dec-12
Dec-11
Dec-10
Dec-09
Dec-08
Dec-07
Dec-06
Dec-05
Dec-04
Dec-03
Dec-02
0%
Public services and transport criteria
International competitiveness
The 2010/11 Global Competitiveness Report
highlighted inadequate infrastructure as the
biggest problem facing businesses in New
Zealand
Aotea Station
City Rail Link Stations & Parnell
Under Albert St between Victoria &
Wellesley streets
18 metres underground
Entries on Wellesley & Victoria
streets
Parnell Station
Near Mainline Steam
Opens Sept. 2012
Access to Parnell & University
Newton Station
K Road Station
Under Pitt St between Beresford
Square & K Rd
35 metres underground
Entry on Beresford Square
Under Symonds St between Newton
Rd & Mt Eden Rd
43 metres underground
Entries on Mt Eden Rd & Symonds St
City Rail Link Transport Benefits
How short sighted are we?
United Kingdom vs New Zealand approach
discounted
$m, discounted
300
250
250
200
150
100
50
0
01
56
11 15
16 20
21 25
26 30
31 3536 4041 4546 5051 5556 6061
10
Year(after
(after2011)
2011)
Year
UK approach
Standard NZ appraisal
• Long lived projects dramatically more viable
Congestion
Auckland Productivity Premium
The geography of economic activity matters
Auckland Region
Relative to rest of NZ
Auckland urban
Relative to rest of NZ
Auckland CBD
Relative to rest of NZ
Rest of New Zealand
Source: MOTU
$ 65,375
44%
$ 68,435
51%
$ 106,873
139%
$ 45,440
“A material measure of wellbeing
such as GDP … is an insufficient
index for measuring aggregate
wellbeing”
Grimes, 2012
“The top 1 percent gained 93
percent of the additional income
created in the country in 2010”
Joseph Stiglitz, 2012
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•
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Wealth/Jobs
Transport
Environment
Inequality
Sustainable future