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


Wellington construction steps up a gear

Wellington construction steps up a gear

6 December 2017

Building activity in the Wellington region has grown strongly over the past year, Stats NZ said today. The value of activity rose 27 percent on the previous September year – the largest annual increase ever recorded for Wellington.

In the year ended September 2017, the value of building work put in place in the region totalled $1.7 billion (up $0.4 billion). Over the same period, New Zealand construction prices rose over 5 percent.

“Construction in Wellington has picked up noticeably this year, almost tripling the growth rate seen last year. In 2016, Wellington was outpaced by growth in other regions, but in 2017, Wellington had the strongest growth in percentage terms,” construction statistics manager Melissa McKenzie said.

Wellington residential building activity in the September 2017 year cost $956 million (up 33 percent from the previous year). This included $704 million for new homes (such as houses, apartment buildings, and retirement village units). The remaining $252 million was for alterations to existing residential buildings.

Non-residential building activity cost $759 million (up 19 percent). This included $324 million for office and public transport buildings, and $122 million for education buildings.

These statistics include both new buildings and alterations to existing buildings, but exclude work that didn’t require a building consent.

Building activity statistics measure the value of building work put in place each quarter, unlike building consent statistics, which measure building intentions.

The Wellington region encompasses Porirua, Upper Hutt, Lower Hutt, and Wellington cities, as well as Kapiti Coast, Masterton, Carterton, South Wairarapa, and part of the Tararua district.

For more information about these statistics:
• Visit Wellington construction steps up a gear


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>