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


High Number of New Dwellings Issued

High Number of New Dwellings Issued

Consents were issued for 2,482 new dwelling units in May 2003, according to Statistics New Zealand. The total number of new dwelling units for May 2003 is the largest May monthly total recorded since 1976. For the three months ending May 2003, new dwellings issued have averaged 2,400 units. This compares with averages of 2,100 units for the three months ending February 2003, and 2,800 units for the three months ending November 2002.

In May 2003, consents for 324 new apartment units were issued, compared with 447 in April 2003, and 476 in March 2003. For the year ended May 2003, there were 5,881 new apartments, up 2,647 or 82 percent, when compared with the year ended May 2002.

Of the total number of new dwelling units in May 2003, 852 or 34 percent were from the Auckland region. When comparing May 2003 with May 2002, the number of new dwelling units issued in the Auckland region was 71 units lower. Other regions showing significant changes were Canterbury (up 84 units), Waikato (up 58 units), Bay of Plenty (up 45 units) and Wellington (up 42 units).

The total value of non-residential building consents issued in May 2003 was $199 million. This follows totals of $233 million in April 2003, and $211 million in March 2003. Consents issued for shops, restaurants and taverns were worth $46 million, 23 percent of the non-residential buildings total value in May 2003. Consents for offices and administration buildings contributed $25 million or 12 percent, and storage buildings, factories and industrial buildings, both contributed $22 million or 11 percent.

The total value of consents issued for all buildings in May 2003 was $724 million. Residential buildings contributed 72 percent of the total value for all buildings in May 2003, compared with 66 percent for May 2002. For the year ended May 2003, the total value of consents for all buildings was $8,154 million, up $1,128 million or 16 percent when compared with the year ended May 2002.

Brian Pink Government Statistician END

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news