Hamilton City Quarterly economic monitor - December 2019

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Non-residential consents

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Highlights for Hamilton City

  • Non-residential building consents to the value of $237 million were issued in Hamilton City during the year to December 2019.
  • The value of consents decreased by -9.1% over the year to December 2019. By comparison the value of consents in New Zealand increased by 5.2% over the same period.
  • Over the last 10 years, consents in Hamilton City reached a peak of $261 million in the year to June 2018.

National overview

Non-residential building consents continue to track upwards, with values up by 5.2% in the year to December 2019. However, due to softer economic conditions and business investment generally, we expect private sector activity to continue easing into 2020. Public sector activity remains strong, and recently announced funding for education and hospital construction may help to sustain overall levels of activity.