Urban development dashboard
The urban development dashboard provides a range of market and price efficiency indicators that help Councils to understand how their local markets are responding to growth.
About the dashboard
Councils are required to monitor and use the dashboard when implementing the National Policy Statement on Urban Development (NPS-UD).
Note that the dashboard works best using the Chrome web browser.
Market indicators included on the dashboard are:
- residential building consents compared to changes in household numbers
- dwelling sales prices
- dwelling rents
- ratio of dwelling sales prices to rents
- dwelling sales volumes as a percentage of total residential stock
- land value as a percentage of capital value
- The Housing Affordability Measure (HAM).
The indicators have been aggregated quarterly by census area unit, ward and territorial authority using 2013 Stats NZ geographical areas. They've also been aggregated by Expanded Urban Environment.
The dashboard data is refreshed at the end of every quarter.
Price efficiency indicators
Price efficiency indicators included on the dashboard are:
- price-cost ratios, which compare the extent to which construction costs or land costs contribute to house prices
- rural-urban differentials for residential land
- industrial zone differentials
- land concentration control indicators.
This data is refreshed on a different time basis than the Market Indicators.
Technical reports on the price efficiency indicators
The following technical reports provide further information on price efficiency indicators included on the dashboard. These reports were developed for the NPS-UDC. The NPS-UDC has been replaced by the NPS-UD, however these reports still provide useful and relevant information for requirements under the NPS-UD.
National Policy Statement on Urban Development Capacity - Price efficiency indicators technical report: Rural urban
National Policy Statement on Urban Development Capacity - Price efficiency indicators technical report: Industrial zone
National Policy Statement on Urban Development Capacity - Price efficiency indicators technical report: Price cost
Other data sources
Other sources of data — held by local authorities or published by Stats NZ or private data providers — can also be used to delve into housing market trends or to investigate trends in business land markets.
Published: September 29, 2021