Building consents skyrocket

JAZIAL CROSSLEY
Last updated 12:44 30/01/2013

Relevant offers

Industries

Strike action at Warehouse Rotorua and Bunnings Mt Maunganui Positive week's end for NZ dollar but less so for NZX 50 Hawke's Bay Seafoods says it is co-operating with investigation IAG chief Jacki Johnson is New Zealand's top dollar executive Lower Hutt company fined after worker loses four fingers Market crash, not natural disasters, biggest threat to economy Shareholders are spurning Briscoe's takeover offer, says Kathmandu Dairy goat infant formula and waterproof roads get Government cash Inland Revenue hopes to get politics out of its $1b-plus overhaul NakedBus NZ liquidation application filed by Go Bus

Building consents have hit a four-year high with the number of new dwellings approved rising almost a quarter during 2012.

The latest Statistics New Zealand data showed that last year 16,929 residential building consents were approved, up 24 per cent from 2011.

The consents, the most seen in one year since 2008, were valued at a total of $6.2 billion, up $1.25b year on year.

In December alone, 1,381 new homes valued at a collective total of $487 million, including apartments, got consents.

Canterbury consents skyrocketed 69 per cent with 4037 new dwellings approved in 2012. Last month alone, consents worth $45m were issued in the earthquake-stricken region.

Auckland had the most consents issued for one region, with 4582 homes getting approval last year.

"Apartments boosted the increase in new housing consented last month," Statistics New Zealand industry and labour statistics manager Blair Cardno said.

"In December, 232 new apartments were consented, and just over half of these were in Auckland and Wellington."

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content