Record number of home consents

LIZ MCDONALD
Last updated 13:35 30/05/2014

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The Rebuild

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More new homes are being approved for Christchurch than at any time on record, as the rebuild gathers pace.

The city council issued 356 new home consents in April, more than twice the number for April last year and the most since electronic records began in 1990, according to Statistics New Zealand. The total included one consent for each of the 40 apartment complexes approved.

Total approvals for Christchurch the past year were 3244, also a record and more than double the previous year.

The region's biggest home builder, Mike Greer, said his firm was busy but still had capacity to do more.

Construction in new subdivisions was straightforward, but trying to rebuild on existing sites was still problematic with insurance and land hurdles, Greer said.

He said higher interest rates and restrictions on low-deposit lending were proving a deterrent, and many people did not realise new homes were exempt from needing bigger deposits.

The consent statistics reveal more than 15,000 new homes have now been approved in Canterbury since the first of the earthquakes hit the region in September 2010.

In the Waimakariri and Selwyn districts respectively, 68 and 89 homes gained approval. Numbers for both districts have slowed since last year, when both councils were approving over 100 new homes a month.

Both Wellington and Auckland also saw a rise in home consents last month, and nationally 2082 new homes were approved.

Typically, consents lead to a new home in about four to six months, which can stretch to two years or more for large and complex homes.

NEW HOME CONSENTS IN CHRISTCHURCH

2005 - 2386

2006 - 2052

2007 - 2378

2008 - 2004

2009 - 1138

2010 - 1495

2011 - 1233

2012 - 1169

2013 - 1601

2014 - 3244

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- The Press

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