Auckland building boom tops $9 billion with a surge in commercial construction
Construction of hotels, motels, shops, bars and restaurants surged in Auckland helping to take the region to a record high of $9.15 billion of building work in 2018.
The $9.15b building boom was 16 per cent higher than in 2017 and more than double the national growth rate of 7.3 per cent, according to Statistics New Zealand data.
Auckland hogs about 40 per cent of all New Zealand construction work which reached $22.78b in 2018, 7.3 per cent more than in 2017.
Non-residential building soared by almost 20 per cent to $3.1b in the City of Sails eclipsing residential building's increase of 14 per cent to $6.05 billion.
Building cost inflation was about 3.9 per cent for residential buildings and 4.5 per cent for non-residential.