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

BRISBANE VFX PRODUCTION COMPANY CLEANS UP AT MAJOR INTERNATIONAL ADVERTISING AWARDS

AUSTRALIAN production company Alt.vfx has broken records in global advertising, becoming the first business to win...

CYCLONE DEBBIE FORCES MINE, RAIL AND PORT CLOSURES AS IT WREAKS HAVOC IN QUEENSLAND

COAL and gold mines in north and central Queensland are being seriously impacted as Cyclone Debbie makes landfall ...

FLYING START TO 2017 PASSENGER NUMBERS FOR GOLD COAST AIRPORT

RECORD numbers of travellers used the Gold Coast Airport (GCA) in January this year, continuing a five-year trend ...

SUNCORP SAYS IT'S 'COVERED' AGAINST FINANCIAL COST OF CYCLONE DEBBIE

INSURER Suncorp (ASX: SUN) says it is "well protected" against the financial impact of Cyclone Debbie th...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter