Building consents fall again

Tuesday 29 June 2004

The number of new dwelling consents authorised fell 0.5 per cent in May following falls of 4.2 per cent and 7.1 per cent in the previous two months, Statistics New Zealand said today.

By The Landlord

While the figures show a further cooling in the super-heated construction market, the seasonally adjusted figures show the number of consents were still 3.9 per cent ahead of the 2488 consents authorised last May.

An actual 31,793 consents were authorised in the year to May -- the highest annual total since April 1976.

Despite the removal of seasonal variations, the series remains volatile because of a fluctuation in the number of consents issued for new apartments.

"Building consents in May 2004 confirmed a downward trend in the number of new dwelling units since January 2004," the department said.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

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.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

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.

Site by PHP Developer