Article written by Renee Reichmuth, Principal Consultant at X4 Construction.
Residential building consents in Auckland have reached their highest level since June 2004, Statistics New Zealand has revealed. 12,845 Auckland consents were issued annually in the latest period, which is the highest number since June 2004. Consents are up 28pc in the year to July.
In Auckland, more consents than ever are being granted for apartments, townhouses, flats, units and retirement villages, all of which are driving huge growth in the area.
On these latest figures, ASB Bank has said: “Housing construction demand has remained reasonably strong in Auckland and Wellington, underpinned by under-supplied housing stock following a number of years of strong population growth.”
The construction sector in Auckland is booming. It’s the largest urban area in the country with a young, growing population. But, the construction sector has seen its share of ups and downs over the years, which is why the latest numbers have everyone happy. They indicate a sector now bustling with activity. It should be said, however, that while Auckland building consents are up, they don’t outweigh national figures. Statistics New Zealand also announced as part of their report that national new house consents fell 10 per cent in the month of July.
