Developments cause building consent values to rise

Major commercial developments have resulted in building consent values increasing by 50% in Invercargill over the last four months.

According to figures released by the Invercargill City Council (ICC), there were 584 applications received between July 1 and October 31 valued at $46,056,403, which was up from 486 applications valued at $29,948,165 during the same period in 2017.

Building Services Manager Brendan Monaghan said the value of the applications for residential building consents was in line with previous years, but the total value of applications was increased by major commercial developments.

The value of residential consents was about $19 million, while the value of commercial consents was $22m which Mr Monaghan said was “unusual.”

“Usually we see the total value of commercial building consents is about half the value of residential consents applied for.”

The figures also show an increase in consents for solid fuel heaters, as people install heating which complies with the Regional Air Plan."

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