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Housing report: Retirement village building props up apartment consents through 2009

Housing report: Retirement village building props up apartment consents through 2009
Watch video on YouTube here. Watch on our video page here. Alex Tarrant presents a housing report in association with ASB. Today Statistics New Zealand released building consent figures showing the uptrend in residential dwelling consents continued in October from the lows earlier in the year. The residential consents are dominated by general housing consents which are showing a clear trend upwards. However, apartment consents are still bumping along their lows and are being propped up by consents for retirement village apartments. Back in June, Government Statistician Geoff Bascand said over a third of apartment consents in the first five months of 2009 were for 'assisted living apartments' associated with retirement villages. This shot to over 60% in June, and 90% in September before falling away to 75% in October.

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