Have home consents hit their ceiling?

Have home consents hit their ceiling?
Surging build costs could put the brakes on new projects. (Image: BusinessDesk)
Brent Melville
Annual housing consents continued to roll at above the 50,000 level last month, after hitting their highest number ever in March.While that’s up 18% on the comparable period, it's down from the 50,858 approvals through to the end of March. Statistics NZ said the 3,719 new dwellings consented for the month was also down 8.5% on a seasonally adjusted basis on the month before.But it does mark a continuation of more multi-unit homes being consented than standalone houses, with 25,687 terraced houses, apartments and townhouses signed...

More Property

Troubled Senior Trust to wind up
Property

Troubled Senior Trust to wind up

Retirement village investor and lender says orderly wind-down in best interests.

Property-flipping firm owes IRD nearly $9m
Property

Property-flipping firm owes IRD nearly $9m

Rickhil Prakash also owns Akrish Properties, which was liquidated owing a further $4m.

Developer faces mortgagee sale over $17.4m loan
Property

Developer faces mortgagee sale over $17.4m loan

Nest or Invest Group also has two other companies in liquidation.

Ryman toils to rebuild shareholder confidence
Property

Ryman toils to rebuild shareholder confidence

"When is the total board going to resign?" asked one shareholder.

Gregor Thompson 30 Jul 2025