Economic Insights

Find out more about the Kāpiti Coast economy, including the tourism, housing market and consumer data. Updated quarterly with data provided by Infometrics.

How the Kāpiti Coast District is tracking

December 2021

In summary, the Kāpiti Coast’s economy is continuing to do well compared to the Wellington Region as a whole and the whole of New Zealand. (see Ref 1, 2 & 3)

The rebound from the September quarter’s Delta lockdown was strong in the Kāpiti District. Infometrics provisionally estimates that economic activity in the December 2021 quarter grew 12%pa, leaving growth for 2021 8.6% higher than 2020. Increased working from home, as residents do their best to avoid catching COVID-19, helped boost spending in the local economy. Consumer spending accelerated from 6.5% annual growth in the September 2021 quarter to 7.3% annual growth in the December quarter.


Traffic flows in Kapiti Coast District increased by 6.1% over the year to December 2021. This compares with an increase of 3.5% in New Zealand.

 

Marketview spending data shows that annual consumption in Kapiti was up 7.2% in the 12 months to December, compared to the same period last year. The Wellington Region’s growth was 6.9% and the national average 5.0%.

 

Ref 1:  This statement is based on December 2021 data from Infometrics and Marketview, and considers the implications of the various COVID lockdowns in New Zealand during the past year. New Zealand was in level 4 lockdown 17 -31 August 2021 and level 3 till 7 September – except Auckland

Ref 2: Infometrics, December 2021, Quarterly Economic Monitor Report for Kāpiti Coast District.

Ref 3: More details regarding the dates of the various lockdowns can be found here: History of the COVID-19 Alert System | Unite against COVID-19 (covid19.govt.nz).

The rebound from the September quarter’s Delta lockdown was strong in the Kāpiti District.

Highlights for the Kāpiti Coast

House Values

  • The average current house value in Kāpiti Coast District was up 26.3% in December 2021 compared with a year earlier.
  • Growth underperformed relative to New Zealand, where values increased by 27.3%.
  • The average current house value was $994,122 in Kāpiti Coast District in December 2021. This compares with $1,028,097 in New Zealand.

Employment (place of residence)

  • Employment for residents living in Kāpiti Coast District was up 2.8% for the year to December 2021 compared to a year earlier. Growth was higher than in New Zealand (1.7%).
  • An average of 22,366 people living in Kāpiti Coast District were employed in the year to December 2021.
  • Annual employment growth for Kāpiti Coast District residents peaked at 5.2% in the year to March 2020

Tourism Expenditure

  • Total tourism expenditure in Kāpiti Coast District increased by 8% in the year to December 2021. This compares with an increase of 3.9% in New Zealand.
  • Total tourism expenditure was approximately $108 million in Kāpiti Coast District during the year to December 2021, which was up from $100 million a year ago.

Annual Economic Dashboard

Click here to see the latest Kāpiti Coast Annual Economic Dashboard.

Updated Economic data provided by Infometrics

You might like