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Rise in Building Approvals in Central QLD

By David Bell

Dwelling unit approvals rose by 24 per cent in Central Queensland over January, a phenomenon which may interest owners of real estate in Rockhampton.

The latest Australian Bureau of Statistics data shows that the area is one of only a handful that enjoyed increases over the first month of 2013, with the Gold Coast and Sunshine Coast also seeing improvements.

These positive results for Central Queensland have been attributed to growth in the resources sector.

Master Builders director of housing policy Paul Bidwell said the patchy results don’t necessarily indicate dire times, rather that there is a chance of growth over the coming year.

He explained: “While numbers across the state are somewhat patchy and do not offer a clear indication of which way building activity trends are heading, Master Builders remains optimistic that housing activity will improve across the state during 2013.

The results from the Survey of Industry Conditions report confirm Mr Bidwell’s view, he said, as confidence in December 2012 quarter improved.

The sureness of the situation stems from low interest rates, Mr Bidwell elaborated, as well as reduced unemployment and a steady rise in population.

The housing policy director also pointed to the newly rebranded Great Start Grant, which is aimed at boosting the construction of new properties across the state.

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