Queensland Leads the Nation in Building Approvals
Residential building approvals in South-East Queensland are leading the nation, with the latest resul
8 January, 2016 1 min read
Residential building approvals in South-East Queensland are leading the nation, with the latest results showing the outlook is positive for 2016.
Building approvals for the month of November show a total of 4,051 dwellings were approved in Queensland, up from 3,702 in the previous month, seasonally adjusted.
This is in stark contrast to national approvals which were down 12.7 per cent seasonally adjusted in November due to a fall in approvals for high-rise apartments, despite consecutive increases in the previous two months.
Approvals for units were up 9.4 per cent in November, while the figures for detached houses remained steady.
Overall, the total change from the previous 12 months is up by just over 26 per cent.
Master Builders manager building services Tony Mitchell said South-East Queensland in particular, was in for a positive year.
“It’s heartening to see that South-East Queensland is leading the way as conditions in the housing sector continue to show good results,” Mr Mitchell said.
During November, the total new home building approvals seasonally adjusted saw the largest increase in Tasmania (47.5 per cent), followed by Queensland (9.4) and New South Wales (1.0). Approvals fell in Victoria (35.5 per cent), Western Australia (16.3), South Australia (10.4), ACT (9.2) and NT (0.7).
Content via Master Builders