Auckland needs more homes and fast so the number of building consents per month is rising. However the dilemma for Auckland is a lack of qualified developers and skilled workmen. Currently up to 40 percent of all building inspections on new building sites are failing and it’s due to shoddy workmanship.
Auckland’s on target to build 7,700 new homes per year – however it needs 13,000. Building consents nationwide in April reached 2112 and Auckland’s share was 912 which is 43 percent of the total number of building consents a lot higher than earlier months results.
Arguably Auckland needs more Apartments – yet building consents for Apartments has dropped back. There appears to be an issue with securing building consents for Apartments in Auckland. If Auckland followed the trend of other growing cities around the world it would be focused on encouraging Apartment living. Melbourne has been through an apartment building boom again.
With more than 6300 new apartments completed in the first 10 months of the year, it is already triple the long-term average of 2100 a year and more than twice the amount finished last year.
The Age – Victoria
For the time being Aucklanders are still firmly motivated by the larger abode ideally with the garden, swimming pool, tennis court and they’re willing to pay through the nose for it therefore an Apartment building boom is not going to happen any time soon.
The Christchurch rebuild needs to near completion so experienced construction workers can more north and new homes can pass inspection and come online faster.
In the meantime the RBNZ and the Government restrictions on Auckland property investment won’t impact on the region’s property traders. They are providing a much needed service bringing unliveable homes up to scratch by adding value and on-selling for a profit. — PropertyTutors confirm interest in their property trading mentoring service is as high as it’s ever been.