Hamilton City Quarterly economic monitor - March 2019

Residential consents

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Highlights for Hamilton City

  • A total of 363 new residential building consents were issued in Hamilton City in the March 2019 quarter, compared with 268 in the same quarter last year.
  • On an annual basis the number of consents in Hamilton City increased by 40.0% compared with the same 12-month period a year ago. The number of consents in New Zealand increased by 10.0% over the same period.

National overview

Annual residential building consents pushed above 34,500 in the 12 months to March 2019, with consents growing 9.9%. Positive results for house prices outside Auckland have led us to push up our expectations for new dwelling consents. Attached dwelling consents are a key driver of growth, with townhouses up 7.4%pa in the March quarter. Capacity constraints remain a threat to further growth, with access to financing another potential barrier.