BUILDING APPROVALS RISE BUT STABILITY WANTED

Written on the 12 February 2015 by Antony Scholefield

BUILDING APPROVALS RISE BUT STABILITY WANTED

BUILDING approvals in Brisbane recorded a 20 per cent rise over the 12 months to December 2014 and accounted for more than 60 per cent of approvals across Queensland, according to figures from the Australian Bureau of Statistics.

Of the 35,000 approvals issued across the state, 22,000 were in issued in Brisbane. Barely 8500 were issued outside of the southeast metropolitan areas.

Master Builders deputy executive director Paul Bidwell says the state-wide results are "patchy" and demonstrate the need for political stability.

"These dwelling approvals highlight the need for a quick resolution to the current political situation," he says.

"Uncertainty around government has the potential to impact business and consumer confidence.

"We're keen to welcome the new government, whatever the outcome, with the view to working hand-in-hand to maintain a strong focus on building industry reform."

Approvals on the Gold Coast rose by 22 per cent in 2014, but approvals halved in central Queensland and Mackay.

Total approvals across Queensland rose by about 10 per cent.

Far north Queensland recorded a rise of about 25 per cent, and was one of the few regions to see approvals rise between November and December.

"Brisbane, the Sunshine Coast and Gold Coast continued to lead the pack, but far north Queensland was the star performer," says Bidwell.


Author: Antony Scholefield

Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter