Northland Property Investors' Association


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Building investment at a record high

Building is at a record high, with consents of $13.6 billion of residential and commercial work across New Zealand for the year to 31 March 2016, the largest investment ever in both nominal and real terms, new building consent data out today shows.

Building and Housing Minister Dr Nick Smith says the data shows residential and commercial building overall residential investment at $9.3 billion, up from $8 billion the previous year, and commercial investment of $4.3 billion, up from $3.9 billion. The number of new homes nationwide for the year was 27,789 – the highest in more than a decade.

Tags: building information

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