Magnet Cities in New Zealand

Magnet Cities in New Zealand

A city with a strong magnetic pull draws in new residents, visitors and business investment. They are brimming with innovative ideas, have attractive infrastructure and a buzzing culture. These cities attract a specific group of educated, ambitious and energetic young people, coined young wealth creators.

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Magnet Cities

Vanessa Forshaw (nee Langley) and Caroline Haynes are co-authors of KPMG’s Magnet Cities publication. They identified nine cities around the world who have switched their magnetic pull and now attract young wealth creators. A bold experiment and huge risk has resulted in them becoming fast-growing cities with economic growth above national average.

So what can be done to help our cities reinvent themselves and improve their offer? How can they increase their magnetic pull? KPMG cares about New Zealand’s prosperity and our summary of magnet cities has been provided to sharpen the debate in New Zealand and help contribute to solutions.

© 2017 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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