Commercial

Construction boom goes on - and on

Construction in the tourism, office and industrial sectors looks set to push the value of non-residential building towards the $4 billion barrier next year, an analysis of the outlook for key infrastructure projects shows.

Monday, January 10th 2005

A round-up of the country's largest capital works projects shows the $3.6 billion spend-up on non-residential building in the June year is set to increase this year.

Fluctuating oil prices, the rising cost of building materials and wages and a labour shortage are the only dark clouds for the sector.

The New Zealand Institute of Economic Research prepared the Rider Hunt Forecast, examining trends in property and construction and projecting future workloads.

The $3.6 billion spent in the June year was a 12.9 per cent increase on the previous year and will rise again this year.

"This growth rate is approaching those witnessed in the mid-1990s' construction boom," the report said.

The report predicts Auckland and Wellington will see most of the work in the next few months with building activity levels of between 25 per cent and 35 per cent.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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