Building boom still going suggest December quarter figures
Saturday 6 March 2004
The building boom slowed in the December quarter, according to Statistics New Zealand's latest figures out today.
By The LandlordThese showed the value of residential building work completed up 2.9 per cent to $1.748 billion in the December quarter over the September quarter.
The rise over the December 2002 quarter was a more impressive 23 per cent.
The value of non-residential building work fell to $892 million in the December 2003 quarter from the $930.7 million in the September quarter -- a fall of 4.2 per cent.
Non residential work in the December quarter was up 2 per cent on the year ago quarter.
Read More - Opens in a new window
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.