Building approvals up 20 per cent
Queensland’s building industry is experiencing positive growth, with reside
4 November, 2015 1 min read
Queensland’s building industry is experiencing positive growth, with residential building approvals up more than 20 per cent across the state for the past 12 months.
For the month of September, total dwelling approvals rose a massive 41.6 per cent on the back of another big spike in units. Houses were up a respectable 4.5 per cent.
Year-on-year, houses were up 6.8 per cent, with units up 36.3 per cent.
Master Builders’ deputy executive director Paul Bidwell said the results seemed to reflect current buoyant conditions in the residential market, with units continuing to push up the figures.
“Conditions in the housing sector continue to power ahead – particularly in South-East Queensland which is leading the way,” Mr Bidwell said.
Mr Bidwell said the ABS statistics also showed that over the past 12 months Queensland was on a par with growth rates in NSW and Victoria.
From Master Builders Queensland