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


Residential Building Boom Continues

The number of new dwellings authorised in August 1999 was 2,490, the second highest monthly total recorded this year. This is the sixth consecutive month that the number of new dwellings has totalled over 2,000. Included in the total number of new dwellings was 464 apartment units, of which 290 were in Auckland. The value of consents for apartment units was $45.8 million, the highest total for apartments on record.

The total value of new dwellings was $355.4 million, the highest monthly total on record. Contributing to the high total for residential buildings were five consents for blocks of apartments of $5 million or over. The underlying trend for both the value and number of new dwellings has been showing strong positive movements for 12 months.

The value of consents issued for non-residential building projects in August was $194 million. This is the second highest total for non-residential consents this year, and is due to high totals being recorded for shops, restaurants and taverns, and offices and administration buildings. Non-residential building work has generally been in decline over the last 20 months, with only seven of the 20 months recording totals over $190 million and most others being under $170 million. It is too early to say whether the August total is a one-off, or if it is indicative of an upturn in non-residential building activity.

The total value of consents issued for all building work was $608.5 million, the highest monthly total since May 1997. The high totals in both residential and non-residential building work are the reason for this.

© Scoop Media

Business Headlines | Sci-Tech Headlines


57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra (And Dairy NZ)'s Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>