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


Large Rise in the Number of New Apartments

Large Rise in the Number of New Apartments

Consents for 1,526 new apartment units were issued in October 2002, the highest level recorded since the apartment series began in January 1990, according to Statistics New Zealand. There were 11 consents issued for new apartment units that were each valued at $3 million or more in October 2002. Together they contributed 71 percent of the total number of new apartment units.

For the year ended October 2002, there were 5,048 new apartments, up 2,614 or 107 percent when compared with the year ended October 2001.

Consents were issued for 3,412 new dwelling units in October 2002. This was the largest monthly total since March 1976. Of the total number of new dwellings in October 2002, 45 percent were new apartment units. The trend series for the number of new dwellings has been increasing steadily since December 2000.

The Auckland region continued to be the main contributor to the number of new dwelling units. Of the total number of new dwelling units issued in October 2002, 1,945 or 57 percent were from the Auckland region. Of these, 1,301 or 67 percent were new apartments. The number of new dwelling units in the Auckland region in October 2002 was 1,098 higher than in October 2001.

When comparing the same months, other regions showing significant increases have been Wellington (up 140 units), Bay of Plenty (up 66 units), Waikato (up 52 units) and Canterbury (up 51 units).

The total value of non-residential building consents issued in October 2002 was $177 million.

Consents issued for shops, restaurants and taverns were worth $43 million, 24 percent of the non-residential buildings total. Consents issued for factories and industrial buildings contributed $29 million or 17 percent in October 2002.

The total value of consents issued for all buildings in October 2002 was $715 million. Residential buildings contributed 75 percent of the total value for all buildings in October 2002, compared with 56 percent in October 2001. For the year ended October 2002, the total value of consents for all buildings was $7,567 million, up $1,044 million or 16 percent when compared with the year ended October 2001.

Brian Pink

Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Barfoot and Thompson: Auckland Housing Prices Shrug Off Winter Concerns

Auckland house prices shrugged off the normal winter downturn, concerns about increasing prices and warnings of possible future interest rate rises in July.
“Mounting concerns about the prices being paid and possible future interest rate increases did nothing to dampen July trading... More>>

Stats NZ: Sharp Falls In Unemployment And Underutilisation

The seasonally adjusted unemployment and underutilisation rates fell to 4.0 and 10.5 percent, respectively, in the June 2021 quarter, Stats NZ said today. The unemployment rate continued to fall from its recent peak of 5.3 percent in the September 2020 quarter... More>>

FIRST Union: Do Shareholders Realise Marsden Point Conversion Could Cost More Than Half A Billion Dollars?

FIRST Union, the union representing workers at Refining NZ, are querying whether shareholders voting on Friday on whether to convert the Marsden Point refinery to an import-only terminal realise the conversion could cost $650-700 million dollars... More>>

Transport: July 2021 New Vehicle Registrations Boosted By EV Rebate Scheme
Motor Industry Association Chief Executive David Crawford says that July 2021 sales of new vehicles were boosted by the recently introduced rebate scheme. July 2021 registrations were 15,053 units compared to 12,263 units for July 2020... More>>

ASB: New Support Finder Tool Helps Connect Customers With Thousands In Government Support

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support... More>>

Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>