by The Landlord
Building consents continued their steady upward trend in the month, boosted by a big increase in the number of apartments consented.
Including apartments, the number of consents issued increased 8.3% in March. Apartment consents rose from a below-average 66 to an above-average 186.
Apartment consents figures tend to be very volatile.
Excluding apartments, consents rose by 1.3%.
The growth in ex-apartment consents was dominated by the Canterbury region, which saw a 6% jump to about 600 consents in seasonally-adjusted terms.
In Christchurch City itself there were a record 400 consents, compared to the previous high of 350 last December.
The value of non-residential building consents rose to $422 million in March, the highest in six months.
The main contributor was a lift in office buildings in Auckland.
In unadjusted terms, 1,999 new dwellings were consented. This comprised:
• 186 apartments, including 110 retirement village units
• 1,813 houses (the highest number since November 2007).
The regions that consented the most new dwellings were:
• Canterbury – 604
• Auckland – 561 (including 61 apartments)
• Waikato – 232 (including 67 apartments).
A total of $1.2 billion of building work was consented in March, with $800 million of residential work and $422 million of non-residential work.
“The trend for new dwellings has almost doubled since March 2011, but is still 28% below the series peak in January 2004,” Statistics NZ business indicators manager Neil Kelly said.
| « NZPIF slams Labour's ring-fencing plan | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved