Auckland consented a record 14,032 new homes in the year to June 2019. House consents are one thing, but actual building is another, says Olly Newland…
“It would be foolhardy to read too much into the number of consents issued. House consents are one thing, but actual building is another. Many developers and investors seek consents for land they own just to increase its value before they on-sell for a profit. The ‘death by a thousand cuts’ of the construction industry doesn’t help either. With the current zombie housing market, a large number of these consents won’t come to fruition for years, if at all.” – Olly Newland
The number of new homes consented in Auckland in the year to June 2019 was up 13% on last year, and was more than four times the lows seen in 2009.
“Over 14,000 new homes were consented in Auckland over the last year, exceeding the previous peak of around 13,000 in the mid-1970s. Since then, Auckland’s population has doubled and is now about 1.7 million,” Stats NZ construction statistics manager Melissa McKenzie said.
Growth in new homes consented over the last few years has been driven by multi-unit developments such as townhouses and apartments, which now account for around half of all new homes consented in Auckland.
“Apart from Auckland, the number of new homes consented across most regions in New Zealand still lags behind those seen in the mid-1970s, particularly in the lower North Island,” McKenzie said.
The Auckland picture
Auckland residential consents for the year to June were…
- Total Auckland Region: 14,032 – up 13% on prior year
- Rodney: 839 – up 6%
- Albany: 2,284 – down 9%
- North Shore: 893 – up 24%
- Waitakere: 1,256 – up 90%
- Waitemata & Gulf: 701 – down 50%
- Whau: 634 – up 46%
- Albert-Eden-Roskill: 1,189 – up 45%
- Orakei: 581 – up 51%
- Maungakiekie-Tamaki: 1,043 – up 35%
- Howick: 783 – down 8%
- Manukau: 1,071 – up 7%
- Manurewa-Papakura: 1,982 – up 52%
- Franklin: 776 – up 10%
The New Zealand picture
By region, the numbers of new dwellings consented in the year ended June 2019 were…
- Auckland: 14,032 – up 13% on prior year (the highest year ever)
- Waikato: 4,003 – up 15%
- Wellington: 2,655 – down 4.5%
- Rest of North Island: 5,527 – down 4.1%
- Canterbury: 4,959 – down 0.1%
- Rest of South Island: 3,578 – up 2.1%