Tauranga Property Investors' Association

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Apartments pull building consent figures down


New Zealand home-building consents fell in January because a drop in the number of apartment approvals offset gains in other types of dwellings.

Seasonally-adjusted building consents fell 0.4% in the month, after lifting 9.4% in December, according to Statistics New Zealand’s latest figures, out today.

Compared to the same time last year, they were up 17.4%. Almost 60% of the consents issued were in Auckland and Christchurch.

Auckland’s consents rose 60% in January from a year earlier to 372. Canterbury consents fell by one to 378.

Apart from volatile apartment consents, building consents were up almost 10% in January.

Source: Landlords.co.nz

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