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$11.3 billion of building completed in 2004, an alltime record in apples with ap

The $11.3 billion of building work completed in 2004 was an alltime record in a comparison on 1991 dollar values, Statistics NZ said today.

Wednesday, March 9th 2005, 6:17AM

by The Landlord

In 14-year-old money, the year’s building work put in place was worth $7.6 billion, 9% more than work completed in 2003.

Residential & non-residential annual values of building work were also at record highs in 2004. The residential value rose 6% from 2003, non-residential 12%.

Statistics NZ said the value of residential work rose 7% from the December 2003 quarter to the December 2004 quarter, but fell 4% (seasonally adjusted) from September. The trend turned in the September quarter, falling in both the September & December quarters.


Non-residential work rose 22% (actual) over the year, all building work 12% actual. After adjusting for price changes, the rise for all work was 4%. Seasonally adjusted, the value of all building work fell 3% from September.

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.44 - - -
AIA - Go Home Loans 6.54 4.89 4.95 5.09
ANZ 6.49 5.55 5.55 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.95 4.95 5.09
ASB Bank 6.44 4.89 4.95 5.09
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime ▼6.90 - - -
Avanti Finance - Specialised 8.34 - - -
Basecorp Finance 7.25 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 5.99 5.69 5.69
BNZ - Mortgage One 6.54 - - -
BNZ - Rapid Repay 6.54 - - -
BNZ - Std 6.44 4.89 4.95 5.09
BNZ - TotalMoney 6.54 - - -
CFML 321 Loans 4.99 - - -
CFML Home Loans 6.70 - - -
CFML Prime Loans 7.20 - - -
CFML Standard Loans 7.99 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Lender Flt 1yr 2yr 3yr
Co-operative Bank - First Home Special - 4.85 - -
Co-operative Bank - Owner Occ 5.95 4.95 4.99 5.25
Co-operative Bank - Standard 5.95 5.45 5.49 5.75
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.29 5.19 -
First Credit Union Standard 6.94 5.79 5.49 -
Heartland Bank - Online 5.99 5.89 - -
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 6.50 4.85 4.95 5.05
Kainga Ora 6.44 4.89 4.95 5.09
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.35 5.79 5.85 ▼5.95
Kiwibank - Offset 6.35 - - -
Kiwibank Special - 4.89 4.95 ▼5.15
Liberty 6.90 6.80 6.50 6.45
Nelson Building Society 6.94 4.99 4.93 -
Pepper Money Near Prime ▼6.85 - - -
Pepper Money Prime ▼6.29 - - -
Pepper Money Specialist ▲8.30 - - -
SBS Bank 6.49 5.55 5.55 5.75
SBS Bank Special - 4.95 4.95 5.15
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.94 - - -
SBS FirstHome Combo - 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity ▼8.64 - - -
TSB Bank 7.19 ▼5.69 5.75 6.09
TSB Special 6.39 ▼4.89 4.95 5.29
Unity First Home Buyer special - 4.29 - -
Unity Special 6.64 4.99 4.99 -
Unity Standard 6.64 5.79 5.79 -
Wairarapa Building Society 6.75 5.09 4.95 -
Westpac 6.59 5.49 5.55 5.59
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 6.69 - - -
Westpac Offset 6.59 - - -
Westpac Special - 4.89 4.95 4.99
Median 6.56 4.99 4.99 5.15

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