BUILDING APPROVALS RISE BUT STABILITY WANTED
12 February 2015, Written by Antony Scholefield
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