UNIT APPROVALS RISING

Written on the 2 August 2013

UNIT APPROVALS RISING

GOLD Coast high-density housing approvals have been boosted by heartening Australian Bureau of Statistics figures.

Its latest building approvals figures show an 11.1 per cent increase in total dwelling unit approvals since 2012.

Gold Coast regional manager John Duncalfe says the Coast’s total unit approvals were up from 2,322 in 2011 to’12 to 2,579 in 2012to ’13.

“It is a welcome development to see the Gold Coast recording an increase over the 12 months, signaling an upturn for one of the hardest hit regions in recent years," Duncalfe says.

"State-wide, the improvement in total dwelling unit approvals appears to have been driven largely by a recovery in attached (and) higher density dwellings, rather than detached housing and public sector funded dwellings.

“This is a welcome development, given that higher density developments have been a key area of weakness over the last few years.

“It is also the third month in a row that Queensland has seen an increase in dwelling approvals, which is a great sign that activity is heading in the right direction.

“This is in stark contrast to the national trend, which has been negative for the last couple of months."

Duncalfe says confidence remains a major roadblock to recovery, despite the gradual overall increase in approvals.

“While Queensland is by no means near the levels needed to accommodate the growth in population, we have seen a gradual recovery in housing construction in the first half of 2013,” he says.

“However, consumer confidence remains fragile and we don’t expect to see a substantial increase in activity until this rebounds.”


Latest News

APOLLO REVS UP ITS RESULTS

APOLLO Tourism & Leisure (ASX: ATL) has hit its profit forecast in its maiden result as a publicly traded company...

JASMINE YARBROUGH AND TAMIE INGHAM TAKE MARA & MINE TO HOLLYWOOD

MARA & MINE entrepreneurs Jasmine Yarbrough and Tamie Ingham (pictured left and right respectively) slipped in...

HUGE PROFIT SPIKE FOR HELLOWORLD HEALS MERGER WOUNDS

HELLOWORLD (ASX: HLO) gripped the share market this morning after its announcement of a whopping 880 per cent increas...

PROFIT DROP AT SERVCORP

SERVICED office company Servcorp has seen its profit fall, citing New York City, Singapore and Saudi Arabia as the pr...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter