Eased Granny Flat Regulations Applauded for Boosting Affordable Housing Supply
Date Published: 20 June 2024
Key Facts New law changes aim to simplify the process for building granny flats under 60 square metres. The policy eliminates the need for building consents in certain areas. Opposition…
New Home Building Consents Continue to Decline, Reaching Record Lows
Date Published: 31 May 2024
Key Facts Number of building consents for new homes in April: 2926. Consents for new apartments particularly low with just 98 units last month. Building consents for new dwellings have…
Auckland’s New Home Construction Rate Expected to Drop by Over 25% in Next Two Years
Date Published: 22 May 2024
Key Facts The number of new homes being built in Auckland is likely to decline by more than 25% over the next two years. The decline is being attributed to…
Surge of New Homes Entering the Market Causes Concern for Developers in South Auckland
Date Published: 21 May 2024
Key Facts A recent surge in newly built homes is raising worries among local developers in South Auckland. Experts predict that the market could be flooded with properties. The number…
Building Costs for New Zealand Homes Increase Despite Decrease in Size and Consents
Date Published: 8 May 2024
Key Facts The number of new homes being consented has dropped over 37.4% since Q1 2022. In Q1 2024, 7717 new dwellings were consented, a 20.6% decrease from Q1 2023.…
First Home Buyers Gain Edge as NZ Housing Market Flattens Amid Falling Construction and Rising Interest Rates
Date Published: 6 May 2024
Key Facts New Zealand’s housing market is experiencing a lull, with CoreLogic data showing a general flattening trend. In April, the nationwide average house price declined by 0.1%, following minor…
Affordable Housing Project Advancing in Taupō, with 38 Homes Under Initial Proposal
Date Published: 26 April 2024
Key Facts A new housing development is progressing in the East Urban Lands area of Wharewaka, Taupō, focusing on affordable homes. The first stage of the development involves the construction…
Stabilising Residential Construction Costs Lower Risk of New Build Cost Overruns
Date Published: 10 April 2024
Key Facts Residential construction costs have risen by only 2.3% in the year to March, signifying a moderation in price hikes, according to the Cordell Construction Cost Index by CoreLogic.…
New Zealand to Automatically Approve Overseas Building Materials to Reduce Construction Costs
Date Published: 5 April 2024
Key Facts A legislative change to the Building Act in New Zealand will allow the automatic approval of residential building materials approved in trusted overseas markets. This reform was announced…
New Zealand Sees Significant Decline in New Home Consents, Non-Residential Construction Shows Resilience
Date Published: 5 April 2024
Key Facts The number of new homes consented in the year to February fell by 24.8% compared to the previous year. In the 12 months leading up to February this…
Decline in New Home Builds and Major Home Alterations Impacting New Zealand’s Building Industry
Date Published: 21 March 2024
Key Facts Not only the construction of new homes is decreasing, but also the number of major alterations to existing homes. A building consent is required for these structural changes,…
NZ’s Housing Minister Proposes Zoning Changes, Infrastructure Funding, and Incentives to Tackle Housing Crisis
Date Published: 28 February 2024
Key Facts Housing Minister Chris Bishop is advocating for more land to be rezoned in order to increase the number of homes in New Zealand. The “housing trifecta” policy proposal…
New Home Consents Plummet in 2023 Following Record 2022 Figures, Amid Rising Construction Costs
Date Published: 3 February 2024
Key Facts Applications to build new homes in New Zealand have seen a significant decrease off a record-setting year. According to Stats NZ, the number of new homes consented in…
November 2023 Sees 11% Fall in New Dwelling Consents with Significant Drops in Auckland and Wellington
Date Published: 15 January 2024
Key Facts New dwelling consents in November 2023 fell 11% seasonally adjusted, after an 8.5% increase in the previous month. The number of standalone units consented in November exceeded that…
Kāinga Ora to Build 600 New Homes in Rotorua by End of 2023, Including Central CBD Apartments
Date Published: 13 January 2024
Key Facts Kāinga Ora, the New Zealand government’s housing agency, plans to build over 600 homes in Rotorua by the end of 2023. Almost 500 homes are currently under planning…
Residential Construction Cost Growth at Lowest Level Since 2016, CoreLogic Reports
Date Published: 11 January 2024
Key Facts Residential construction cost growth is at its lowest since 2016, standing at 2.4%, as opposed to the 10-year average of 4.5%, as reported by CoreLogic. The reduced amount…
Horowhenua Mayor Pushes for Council Role in Enabling Affordable Housing Construction
Date Published: 4 January 2024
Key Facts Horowhenua, like many regions across Aotearoa, is dealing with a shortage of affordable housing, particularly smaller one- and two-bedroom dwellings and universally designed homes. This limited availability challenges…
Calculating The Interest On Your Progress-Payment Construction
Date Published: 20 June 2022
Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting. In this article, we walk you through some easy calculations. Recently…