Value of building consents drop in BOP
Construction activity appears to have plateaued in Tauranga and Western Bay of Plenty areas last year.
The latest building consent report by Priority One, using information from Tauranga City Council and Western Bay of Plenty District Council, shows a seven per cent drop in the value of consents issued compared to 2017.
But communications manager Annie Hill says there’s over $350 million in construction projects underway or planned in Tauranga’s city centre alone over the next few years, and a downturn in the sector is unlikely.
“In 2018, the combined value of consents issued by Tauranga City Council and Western Bay District Council exceeded $1 billion for the third consecutive year,” says Annie.
“Over the 12 month period, Tauranga issued $870 million worth of consents and Western Bay issued $236 million, reaching over $1.1 billion in total.
“There has been strong growth in the value of consents issued across Tauranga and Western Bay since 2012, particularly from 2015-17."