Building boom rolls on

Tauranga's building boom is continuing in terms of consents issued during October 2015, with four new two-year highs achieved.

Tauranga City Council issued 289 building consents worth $45.6 million. There is also a two year best for the 136 housing consents issued in October and the 40 commercial consents issued.

The Western Bay of Plenty is also setting records, in September issuing the highest value of consents in any month since the $20.5 million in 2003, when Priority One commenced records - and at $18.8 million, the second highest value of consents issued in a month over the last two years.

The total value of building consents issued in Tauranga for October is $72.8m, less than last month's $81.1m, which is the two year high, but well over the $35.6m in consents issued in October 2014. October's value is the second highest for consents issued in a month over the last two years. The two year low for the same period was $30.8m recorded in June 2014.

Total number of consents was 289, ahead of last month's 234 and the 185 consents issued in October a year ago. This marks a new two year high for the number of consents issued in a month. The low over the same period was 134 consents recorded in January 2014.

Tauranga's single dwelling consents number for October represents a new two year high in this category. The low over the same period just $17.7m recorded in April 2014. The number of single dwelling consents of 136. There were 110 last month and 68 in October 2014. The two year low of 50 consents was recorded in April 2014.

Commercial consents for October are valued at $10.4m, down from last month's $26.6m and also less than the $11.1m issued in October 2014. The two year high is $32.5m in August this year, while the low over the same period was $2.3m issued in May 2014.

There were three $1.0m+ commercial consents issued in October; $8 million for the fit-out of Pathlab's new development. $2 million for a new coolstore at Tauriko Business Estate; and another $1 million for site works for the same coolstore development.

The 40 commercial consents issued in October is well ahead of last month's 29 and the 29 issued in October 2014, and marking a new two year high. The two year low is eight consents issued in June 2014.

Government & community consents are valued at $8.9m, less than September's $12.5m but ahead of the $894k issued in October a year ago. The two year high is $20.2m recorded in December 2013, while no consents were issued in this category in February 2014, and April 2015. There were no $1 million plus consents in this category. The number of government/community consents issued was seven, ahead of last month's five and the same as those issued in October a year ago. The two year high in this category is 13 consents issued in December 2013.

The total value of the Western Bay consents issued has come down from September's two year high of $20.5m to $18.8m – and it is still ahead of the $12.7 million worth of consents issued in October 2014. The two year low is $7.1million issued in December 2013.

There were 100 consents issued in October down five from the 105 in September and also from the 102 issued in October 2014. The two year high is 107 consents issued in May this year, while the low over the same period is 44 consents issued in January 2015.

Single dwelling consents were valued at $10.6m, slightly down on last month's $11.8m but ahead of the $8.5 million issued in October 2014. The two year high in this category was $12.5m issued in July this year, while the low was $3.5m consents issued in May 2014. The number of single dwelling consents issued was 29, one more than last month and also an increase on the 27 single dwelling consents issued in October a year ago. The two year high was 34 consents issued in July 2015, while the low over the same period was 12 consents issued in January 2015.

Commercial consents are valued at $2.4m, less than last month's $4.9m but an increase on the $1.1m in commercial consents issued in October 2014. The two year high for commercial consents is $8.8m issued in January 2015, while the low of $188k is recorded in June 2014. There are no $1.0m+ consents issued in this category. The number of commercial consents issues in October is 11, an increase on last month's six, which is also the number issued in October 2014. The two year high is 14 commercial consents issued in April this year, while low of two consents is recorded in March and June 2014.

Government & community consents are valued at $3.2m, well ahead of last month's $218k and also the $727k issued in October a year ago. The two year high in this category is $4.4m issued in July 2014, while no consents were issued December 2013, February 2014, and January and April 2015. There was one $2.2m consent for the redevelopment of Oropi Hall. There were six consents issued this month, ahead of last month's four but less than the seven issued in October 2014, which is the two year high in this category.

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