Building consents skyrocket

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

Relevant offers

Industries

AUT researcher Kathryn Owler on finding job happiness Hotels spend on luxuries as tourism booms PikPok art director opens gaming doors for girls Bitterness at hit dairy Lewis Road Nelson's surging economy boosted by tourism, housing, horticulture 40,000 eftpos terminals to be upgraded or replaced Port Nelson facing increased post-quake workload Auckland Airport expecting a busy summer Inland Revenue legal boss 'not qualified' to make call on trust in tax system Housing costs lead rise in household spending

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