Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Apartments Drive Fall in New Homes Consented in October

Apartments Drive Fall in New Homes Consented in October


Only 78 apartments were consented in October 2017, down 66 percent from October 2016, Stats NZ said today. The seasonally adjusted number of all new homes consented fell 9.6 percent in October compared with September, when consents fell 2.5 percent.

"Apartments tend to be really volatile month to month,” construction statistics manager Melissa McKenzie said.

“October’s figure is the lowest number we have seen since April 2016, although we know there are more apartments in the pipeline. We don’t include dwellings in the consent statistics until the final stages of work are consented, when we get the highest value for the project."

Building consent statistics count the number of individual apartments consented, rather than the number of apartment buildings consented.

Over 75 percent of apartments consented in the last 12 months were in Auckland.

Despite a fall in total apartments consented in October, monthly consents for Auckland held up well, due to increases in consents for stand-alone houses, retirement village units and townhouses, particularly in Howick, Manukau, and North Shore.

Some 944 new homes were consented in Auckland in October, more than the average for the previous 12 months when 10,317 new homes were consented. The increase in Auckland was more than offset by falls in Wellington, Bay of Plenty, and Northland in October 2017 compared with October 2016.

On an annual basis, 30,866 new homes were consented in the October 2017 year nationally, compared with 30,225 in the October 2016 year.


ENDS


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.