Residential construction costs slowed to 1.1% over the past year, less than half the prior year as material supply chains play catch up.
Though the average home build still comes in at about $3250sqm.
Time taken to get consents over the line through New Zealand’s 67 consenting authorities is seen as a major roadblock to building, and part of the reason for rampant build cost inflation.
From granny flats to import substitution, two ministers named Chris are in the advance guard of a Government bent on hammering out reform of the housing sector.
‘Six-pack’ of reform rules intended to free up land, extend to councils planning for at least 30 years of housing demand, up from three years.
Westwood Group paid about $70 million for the retail and hospitality hub in the trendy suburb.
But procurement policy change won’t insulate the housing provider from other cost-cutting measures, including cutting up to a third of its staff roll.
Investor advocate says more central bank speed restrictions could serve as a roadblock to lending when interest rates do eventually fall.
Anti-monopoly advocate says Building Research Association should shift away from reinventing the wheel to focusing on improved productivity.
Capital raise will supplement debt finance offer from BNZ for Cromwell lifestyle villages.