Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Value of Building Consents Increases

The total value of consents issued for all buildings in July 2000 Was $488.8 million, according to Statistics New Zealand.

The underlying trend in the value of all building consents has shown steady growth for the Last four months.

This reflects the increasing trends for the value of both residential and non-residential buildings.

The total value of consents issued for non-residential buildings in July 2000 was $210.4 million.

Boosting this total were consents worth $57.8 million recorded for shops, restaurants and taverns. This, the highest total recorded for this building type since August 1994, includes several multi-million dollar consents for individual projects.

The underlying trend for the value of non-residential buildings has shown slight growth for the last 16 months.

There were 1,688 new dwelling units authorised in July 2000 valued at $226.4 million. Included in the new dwelling total were 344 authorised apartment units valued at $22.7 million, 210 of which were in Auckland City, with the rest being spread over Waitakere City, Wellington and Christchurch.

The underlying trend for the value of residential buildings has been increasing for four months, while the trend for the number of new dwellings has been declining for 12 months now. However, over the last three months the rate of decline has slowed to the point where it is virtually flat.

Ian Ewing Deputy Government Statistician

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>