A record number of building consents have been issued in Whanganui during the past year.
In a report to the Whanganui District Council's meeting yesterday, senior finance officer Simon Manville said growth in rateable properties had exceeded projections as a result of the building boom.
Since July 2020, there has been an increase of $90m in Whanganui capital valuations, equating to 157 new SUIPs (separately used or inhabited part of a rating unit) in Whanganui which includes subdivisions and building consents on existing properties.
The growth includes 26 new apartments in Victoria Ave and 37 new sections at the Tirimoana subdivision.
Manville said the growth rate in the long-term plan had been estimated at $300,000 but the actual increase for the year was $638,030 including residential, farming, commercial, and lifestyle.