Waikato Business News March/April 2018

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8 WAIKATO BUSINESS NEWS March/April 2018 From the editor Hamilton’s quest for two badly needed 4-star hotels leads this month’s action-packed Waikato Business News as we examine the issue and look at suitable sites being investigated by developers. Tourism leaders have made it clear that the lack of accommodation is holding back the conferencing market for which Claudelands Event Centre, Mystery Creek Events Centre and other facilities are perfectly set up to host. Businessman Dallas Fisher raises the question of whether Hamilton City Council should step in to sweeten the deal as it did to bring the Tainiui Novotel to Hamilton in the 1990s. It’s an issue bound to provoke debate. WBN also profiles Ebbett Toyota’s move to a superb purpose-built site in Te Rapa and celebrates Ebbett Audi and Ebbett Volkswagen’s National Dealership of the Year successes. Former Waikato Times assistant editor Richard Walker joins the WBN writing staff and examines the 60-year-journey to create Hamilton’s Ring Road which will be completed with construction of the new Cobham Drive/Wairere Drive intersection. I particularly enjoyed attending a Waikato Chamber of Commerce/Hamilton Young Professionals event at which four Hamilton CEOs presented their thoughts on what it takes to get to the top and perform. SKYCITY’S Michelle Baillie, Hamilton City Council’s Richard Briggs, Foster Construction’s Leonard Gardner and Asset Recruitment’s Carmel Strange spoke honestly about their experiences and views and I hope we have done justice to their candour. We also cover Biddy Mulligans’ move to a new home in Hood St and look at the “x factor” behind Company-X’s phenomenal growth in the last four years. And as always I’m proud to present our diverse stable of columnists who cover a range of issues which I hope you will find interesting or relevant to your business. The March/April edition is a busy one and there’s no doubt that 2018 is shaping up to be a huge year. Enjoy the read. Geoff Taylor Editor MONTHLY POLL Vote and win Sponsored by the Helm Bar and Kitchen This month’s poll This month’s poll focuses on a push for two new top quality hotels in Hamilton which tourism leaders say the city desperately needs. There’s been a call for Hamilton City Council to get involved in helping a new hotel get established, much like it did with the Tainui Novotel Hotel in the 1990s. It’s a suggestions Mayor Andrew King is resisting. What do you think? Should ratepayers contribute to attracting a new hotel? Is it more of a priority than other council projects? Vote on the WBN website (www.wbn.co.nz) and fill in the entry form to be in to win a meal voucher for two at The Helm Bar & Kitchen. Voting closes Friday April 20. Last month’s results Should Hamilton City Council get involved in helping a new hotel get started? The Chiefs could go close this year according to fans who took part in last month’s Waikato Business News poll. Sixty percent expect the Chiefs to finish top of the New Zealand Super Rugby Conference. Forty percent aren’t quite so confident and predict a middle of the table result. Let’s hope they’re wrong. 0% 40% 60% 0% 40% 60% Should Hamilton City Council become involved in helping a new hotel get started? A. Yes it’s a wise investment B. No the council should stay out commercial activity Cast your vote at: www.wbn.co.nz WINNER OF THE HELM DINNER VOUCHER IS: Melissa Elmiger No show Average Top Hamilton Monthly Property Report MANAGEMENT SCHOOL Te Raupapa SNAP SHOT OF WHAT HAS BEEN HAPPENING IN THE MARKETPLACE OVER THE PAST MONTH. W aikato Regional Commentary released from REINZ this month. Compared to February 2017: Median Price up 11%, Sales Count down 3%, Days to Sell increased five days. Compared to January 2018: Median Price up 3%, Seasonally adjusted median price up 3%, Sales Count up 50%, Days to Sell decreased by six days. Our seasonally adjusted results tell us that, compared to what we expect when moving from January to February, the observed increase in median price was a bit larger than expected and the observed increase in sales count was smaller than expected. The current Days to Sell of 43 days is considerably less than the 10 year average for February which is 57 days. “The Waikato market is active and buoyant with plenty of multiple offers showing there is still a high demand for property in the region. Many buyers in the region are still from out of town, and depending on the location, are looking for holiday homes in areas such as Taupo and Coromandel or permanent and rental investments in areas such as Rotorua. We are still experiencing a shortage of affordable homes for first home buyers. Open homes are getting the same number of attendees as previous months and with a busy market, there is competition for good properties. There are no apparent signs of any coming change at this point and the demand for buying the right property is likely to remain all through the autumn.” Philip Searle, REINZ Regional Director. The statistics contained within this flyer represent only a small fraction of the data I have at our fingertips. For more information relevant to your street or your property, call and ask for one of our sales team. The statistics contained within this article represent only a small fraction of the data I have at my fingertips. For more information relevant to your street or your property, please call one of our experienced EVES agents. By Greg Petrin Rototuna branch manager Local market facts Hamilton City Sales February 2018 Under $200k* 3 1 $200 - $299k* 4 6 $300 - $399k* 27 60 $400 - $499k* 89 62 $500 - $599k* 66 57 $600 - $699k* 40 40 $700 - $999k* 35 21 $800 - $999k* 16 15 $1,000,000 - $1,999,999* 6 2 $2m+* 1 0 Total number of sales* 287 264 Sales February 2017 Median sale price* $520,000 $500,000 Median days to sell* 37 35 *Statistical Information Derived From The Real Estate Institute Of New Zealand. Realty Services Ltd/Success Realty Ltd and any contractor/employee is merely passing over the information. We cannot guarantee its accuracy and reliability as we have not checked, audited or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into the same. To the maximum extent permitted by law Realty Services Ltd/Success Realty Ltd and its contractors/employees do not accept any responsibility to any person for the accuracy of the information herein. J5298P P 07 834 9570 M 027 801 9962 F 07 854 3837 VISIT www.eves.co.nz J4023P
WAIKATO BUSINESS NEWS March/April 2018 9 Better together concept inspires winning business ideas A solution to the issues New Zealand dairy owners are facing took out the Most Viable Business Award at the Soda Inc. Innes48 Start-up Competition at Wintec in March. The winning team, Creative Dragons travelled from China to compete in the 48-hour business start-up competition. They wasted no time in identifying and responding to the major issues facing local convenience stores – being robbed, low margins and long hours. Their solution, C&D Box, a cooperative concept, responded to the theme of the weekend ‘better together’ by putting store owners together to benefit from better security through technology, group buying and support. Creative Dragons received $10,000 from platinum sponsor Wintec. The team included students and graduates from Wintec and the University of Waikato, graduates from Wintec’s tertiary partners in China and academics from Chengdu University of Information Technology. However, it was a local team, Brown & Down Boys, that stole the show. This family team consisted of father and son, Ted Pogai, and son Christian-Lee Pogai (12 years old) and their family friends Livi Hirawani (15 years old), Adam Williams, Porourangi Gudgeon and Maari Renee Moke. Brown & Down Boys took out the Peoples’ Choice and the Best Pitch awards with an Airbnb style concept to respond to the issues New Zealand marae are facing to maintain their facilities. Their concept, an authentic tourism experience for participating marae won the hearts of the audience and judges alike through its sharp and at times, witty delivery, combined with a great idea designed to create “win-win” partnerships. Winners of the Most Innovative Idea, team Casually Yes, developed Hook Me Up. This business idea aims to bring the fishing community together through a web-based programme to hook anglers up with boat owners and create a more valuable fishing experience. Soda Inc. chief executive Erin Wansbrough said the weekend had been a gripping journey for the fifteen teams and everyone involved was ‘better together’ for it. The Soda Inc. Innes 48 Start-up Competition was made possible with the support of: Wintec, Gallagher, ASB Bank, Waikato-Tainui, LearningWorks, University of Waikato, Callaghan Innovation, Deloitte New Zealand, Fieldays, Norris Ward McKinnon, NetValue, Hamilton City Council, Chow:Hill, Good George Brewing and Loveblock Wines. Emerging Director Award sponsor boards announced The Waikato branch of the Institute of Directors (IoD) is pleased to announce the sponsor boards for its Emerging Director Award and Emerging Director Award – Disability Sector for 2018 and 2019. Wintec will be the sponsor board for the Emerging Director Award in 2018, and St John will be the sponsor board in 2019. The sponsor board for the Emerging Director Award – Disability Sector, will be charitable trust Life Unlimited in 2018 and Enrich+ in 2019. “We are very grateful for the support of our sponsor boards, who provide valuable development and networking opportunities for our winners,” says IoD Waikato Branch chairman Simon Lockwood. The awards are designed to foster upcoming talent in governance, and winners receive the opportunity to be mentored by an experienced director for one year, funding for governance development, and a complimentary one year IoD membership. “We are looking to promote a cohort of Emerging Director talent in the Waikato that will want to utilise the award process as their platform for a governance pathway and who understand the opportunity which it brings,” says Simon. The awards have developed a strong legacy in Waikato, with past winners going on to contribute to boards of significance in the region; as well as; mentor future emerging directors. “The impact of this award and how it energises emerging director talent is without question,” he says. The Emerging Director Award was first run in 2011, and the Emerging Director Award – Disability Sector was first held in 2016. The Emerging Director Award – Disability Sector is specifically for an aspiring director with a disability, or with a close family member who has a disability. Last year, Daniel Shore won the Emerging Director Award and Maree Haddon won the last Emerging Director Award – Disability Sector. Applications for this year’s awards will open on June 4. “All the same criteria and timelines apply to each sponsoring board but by thinking ahead we can attract a significant talent pool that will contribute to the region for years to come” says Simon. Soda Inc. Innes48 Start-up Competition winners Creative Dragons celebrate the moment. Braemar Hospital taking good care of you • • • • • Ask for Braemar J7018P Waikato Branch – Upcoming events/courses At the Institute of Directors we’re on the pulse of governance. Connecting, equipping and inspiring directors through thought leadership and our extensive network, professional governance courses, events and resources. 10-11 April 2018 IoD Leadership Conference SKYCITY Auckland 16 May 2018 Governance in a private equity investment context Speaker: Peter Tinholt, Oriens Capital 12.00pm – 2.00pm, FMG Stadium Waikato CPD: 14 points CPD: 2 points To register, please contact: Megan Beveridge, Branch Manager Waikato.branch@iod.org.nz, 021 358772 or www.iod.org.nz Waikato branch is kindly sponsored by:
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Waikato Business News March/April 2018

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