New dwelling approvals rise
The number and value of Marlborough building projects are holding up well compared with the rest of the country, according to Statistics New Zealand figures.
The statistics showed Marlborough was among the 10 of 16 regions to have an increase in new dwellings approved for the month of July 2012, compared with the same month last year.
The Marlborough District Council approved 13 new houses valued at $4.4 million, up from nine new houses in July 2011, valued at $2m.
The average price of the new dwellings was $338,824, a 49 per cent increase compared with July 2011 when the average price was $226,863.
Nationally 1478 new dwellings were approved, worth $428m in July 2012, up from 1170 valued at $320m for the same month in 2011.
The average price of the dwellings in July 2012 was $289,580, up 6 per cent compared with July 2011, when the average new house was valued at $273,504.
The 26 per cent increase in new dwelling consent numbers was boosted by 235 apartments, mostly in Auckland and Canterbury.
The Christchurch rebuild appears to be ramping up, with Canterbury earthquake-related building consents for July at a high, valued at $59 million.
This figure has more than doubled in the three months from April 2012 when $28m of consents were issued.
The value of all building consents issued in Marlborough in July 2012 was $4.8m, an increase of 50.6 per cent compared with the same month a year ago.
The value of all building consents issued in New Zealand was $866m in July 2012, an increase of 14 per cent compared with July 2011.
This was the highest number of new dwellings consented in New Zealand for July since 2007.
- The Marlborough Express