Hawke's Bay Property Investors' Association

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02-10-2013

Building consents slow

Landlords.co.nz

After two years of growth, the trend for new house consents appears to be flattening, Statistics New Zealand says.

That's not good news for Auckland, where a lack of supply is being blamed for soaring house prices.

Housing consent numbers are up 64% from March 2011 but are still almost a third lower than September 2003.

Industry and labour statistics manager Tehseen Islam said: "Following a sustained rise from 2011 to 2013, the trend for new houses seems to have levelled off. The number of new houses jumped 13% in April but hasn't changed much since then."

In August, there were 1633 new houses consented, as well as 127 new apartments.

Tags: tehseen islam

Source: Landlords.co.nz

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