
Takapuna shows strong economic growth in 2024
Takapuna has outperformed Auckland and New Zealand in economic growth according to new data that reaffirms the seaside suburb’s position as a thriving hub for retail, hospitality and high value services. The latest 2024 annual economic report released last week by Infometrics shows that Takapuna’s economy grew by 3.8% in 2024, well ahead of Auckland’s growth of 2.1% and nearly three times New Zealand’s national growth of 1.4%. This strong performance comes amid a cooling global and national economy and heightened interest rates, highlighting Takapuna’s resilience and strength as a business centre. Takapuna’s high value service industries have been the major driver of this growth with 56.9% of local businesses operating in industries such as IT, health, financial, and professional services, significantly higher than Auckland’s