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Central QLD sees 53.2% yearly jump in building approvals

By David Bell

Those who own real estate in Rockhampton and built their home last year, contributed to a rise in residential approvals for parts of Queensland.

Central Queensland recorded a 53.2 per cent rise in approvals between 2011 and 2012 with total approvals for the state increased by 3.8 per cent in that same time period, according to Master Builders data.

That's a jump from 26,526 to 27,527 – bucking the national trend which saw a contraction of 4.4 per cent.

There was also an increase between November and December in 2012 of 7.9 per cent .

Master Builders director of housing policy Paul Bidwell said that these are positive results.

He explained: "Looking closely at the regional figures, it is clear that regional Queensland has fared much better than south-east Queensland and is currently driving the emerging resurgence in the housing sector.

"Happily, it seems that home buyers and investors are gradually becoming more confident, which we believe is the critical prerequisite for any sustained recovery in building activity."

Mr Bidwell added that any setbacks experienced by the floods will be short lived, given the resilience of Queenslanders.

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