Building consents slump, less so in Christchurch

Building consents slump, less so in Christchurch
In Christchurch, multi-unit builds like townhouses have become increasingly common. (Image: Brooksfield)
Oliver Lewis
Building consents are down nationwide, but one of the three major centres is displaying much more resilience in the face of tougher economic conditions.Statistics NZ released the latest building consent figures on Thursday, revealing 38,209 homes were consented in the year to November 2023, down 24% on the prior year.The downturn in consenting activity, due largely to higher finance and construction costs, coincides with a period of high inward migration, raising concerns that demand will outstrip supply and place upward pressure on house price...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024