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


Strong Apartment Contribution Continues

28 January 2005

Strong Apartment Contribution Continues

Apartment units accounted for one-quarter of all consents for new dwelling units in December 2004, according to Statistics New Zealand. This follows similar apartment contributions in November and October 2004. Consents were issued for 599 new apartment units in December 2004.

Consents were issued for 2,416 new dwelling units in December 2004. The number of new dwelling units continues to be historically high, having generally been over 2,400 each month since March 2003. Consents for 31,423 new dwelling units were issued in the year ended December 2004, up 5 percent from the December 2003 year. This is the largest total for a December year since 1974.

In December 2004 the total value of consents issued for non-residential buildings was $342 million. The largest contributor was factories and industrial buildings. The trend for the value of non-residential buildings increased 38 percent over the 12 months to December 2004. This follows a period of relative flatness between January 1995 and December 2003.

The total value of consents issued for all buildings in December 2004 was $911 million, up 10 percent compared with December 2003. In December 2004, residential buildings contributed 62 percent to the total value of all buildings, compared with 68 percent in December 2003.

Brian Pink

Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


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