BUILDING APPROVALS RISE BUT STABILITY WANTED

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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

In an effort to appease Australian and New Zealand regulator concer...

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

After securing an $830 million contract from Dexus (ASX: DXS), Melb...

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

Casino operations that account for more than half of The Star Enter...

Collection House calls in administrators: Was Volt collapse the spark?

Collection House calls in administrators: Was Volt collapse the spark?

A recapitalisation plan has failed to save debt collector Collectio...