Tens of thousands of new homes have been consented in Canterbury since the 22 February 2011 earthquakes, Stats NZ said. Canterbury’s building costs and rents have risen faster than in other parts of the country.
In a report to mark seven years since the devastating earthquake, which led to significant loss of life and caused billions of dollars of damage, Stats NZ looks at Canterbury’s rebuild through the lens of data.
In the seven years to September 2017, 36,431 new homes were consented in Canterbury, up more than 10,000 when compared with the seven years before the earthquakes.
The cost of building a new home in Canterbury (excluding land) rose 52 percent in the eight years to September 2017. This compares with 40 percent nationally. In the eight years to September 2017, rents rose 18 percent in Canterbury – the same rise as experienced nationally.
Following an initial fall in the number of people employed and filled jobs in the year after the 2011 earthquake, between September 2012 and September 2017 there were nearly 50,000 more people in work in Canterbury. Many of the jobs were in construction, retail, and accommodation.
By June 2012, Christchurch city’s population had fallen by more than 20,000 from 2010, as people moved out after the earthquakes. Christchurch’s population only returned to pre-earthquake levels in 2017 – six years after the 2011 earthquake.
Source: Stats NZ