Hamilton City Quarterly economic monitor - September 2019

Residential consents

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Highlights for Hamilton City

  • A total of 503 new residential building consents were issued in Hamilton City in the September 2019 quarter, compared with 421 in the same quarter last year.
  • On an annual basis the number of consents in Hamilton City increased by 30.4% compared with the same 12-month period a year ago. The number of consents in New Zealand increased by 12.0% over the same period.

National overview

Dwelling consents continue to grow, up 5.9%pa over the September 2019 year, taking annual consents to above 36,400. Demand for additional housing stock remains strong, with an undercount of up to 30,000 homes around the country. At the same time, house prices look to be on the resurgence, with even Auckland prices looking set to rise again by the end of 2019. Denser housing options are driving the growth in residential consents, with medium-density townhouses up significantly on a year earlier.