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


High Number of New Dwelling Consents

Building Consents Issued: July 2002

23 August 2002
High Number of New Dwelling Consents

Consents were issued for 2,738 new dwelling units in July 2002, according to Statistics New Zealand. The number of new dwelling consents has increased to a similar level to that recorded in September 1999. The trend series for the number of new dwelling units has been increasing since November 2000 at an average rate of 1.9 percent per month.

Of the total new dwellings authorised, 686 were new apartment units. This is the highest number recorded for apartments since the series began in 1990.

All regions except the West Coast recorded an increase in the number of new dwellings authorised when comparing July 2002 with July 2001. The Auckland region has continued to be the main contributor to recent increases in the number of new dwelling units. Of the total new dwellings issued for July 2002, 1,291 or 47 percent were from the Auckland region. For July 2002, the number of new dwelling units for the Auckland region was 647 higher than for July 2001.

When comparing the same months, other regions showing significant increases have been Canterbury (up 156 units), Wellington (up 64 units), Waikato (up 41 units) and Bay of Plenty (up 37 units).

The total value of non-residential building consents issued in July 2002 was $286 million. Consents issued for hospitals and nursing homes were worth $46 million, 16 percent of the non-residential buildings total. Consents for education buildings, and shops, restaurants and taverns each contributed $45 million, or 16 percent.

The total value of consents issued for all buildings in July 2002 was $793 million. Recently, residential buildings have contributed an increasing share to this total. Residential buildings have contributed 62 percent of the total for all buildings for July 2002, compared with 60 percent for July 2001.

Brian Pink Government Statistician END

© Scoop Media

Business Headlines | Sci-Tech Headlines


Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>


Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>


Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>