Property

Building approval numbers show residential turmoil remains

Master Builders director housing policy Paul Bidwell said once again, regions with a resources industry presence, like Mackay, Central Queensland and Darling Downs and South West Queensland, remain relatively strong.
Master Builders director housing policy Paul Bidwell said once again, regions with a resources industry presence, like Mackay, Central Queensland and Darling Downs and South West Queensland, remain relatively strong.

THE August 2012 regional Building Approvals released last week demonstrate the multi-speed nature of Queensland's residential sector, according to Master Builders Queensland.

Master Builders director housing policy Paul Bidwell said once again, regions with a resources industry presence, like Mackay, Central Queensland and Darling Downs and South West Queensland, remain relatively strong.

"Like last month, areas that remain a concern are South East Queensland and Far North Queensland," he said.

"We are mindful that there is potential for some of the heat to come out of the resources industry causing a slowdown of approvals in the coming months in response to recent mine closures and layoffs.

"We must also bear in mind that building activity levels are coming off a very low base.

"There were 26,482 dwelling unit commencements in 2011-12, the lowest level of dwelling starts in more than 10 years.

"Overall, Queensland fared much better this month, with a rise of 1.8% in total dwelling unit approvals, which was welcome after the massive drop of 19.7% last month, and we are optimistic about the medium-term prospects for our industry.

"This view was confirmed by the recent rise in housing finance commitments for owner occupiers, which rose by 4.1% in August, with a decent lift in new home lending.

"With a range of factors set to stimulate demand for new home construction, our recent Building industry outlook report has forecast moderate building activity through 2012-13 and a more optimistic forecast in 2013-14."

Topics:  building approvals, market, residential property



Meteor and earthquake strike Queensland in one night

Some assumed it was “a flare” or a “power surge”

Countdown on to Rose City's world famous rodeo rumble

BUCKIN' BRONC: Millmerran rider John McNamee proved too good for his horse at the Warwick Rodeo.

IT'S T-minus 26 days until the largest rodeo in Australia kicks off.

Brazen thieves target small business

Senior Sergeant Craig Berry said the break in was a timely reminder for home and business owners to check their security measures.

POLICE are hunting for thieves who broke into the local store.

Local Partners

9000 reasons to support our community clubs

Community clubs are good at what they do. They are not so good at telling the world about what they do, as Clubs Queensland CEO Doug Flockhart explains.


'Baby' recreates famous Nirvana cover shot 25 years later

The baby from Nevermind album has recreated the iconic cover shot.

PREVIEW: Luke Cage origin story is a strong addition to MCU

Mike Colter in a scene from the TV series Marvel's Luke Cage.

MIKE Colter stars as latest Marvel superhero to get his own series.

Kate goes down fighting in heated Survivor elimination

Australian Survivor contestant Kate Campbell.

YOGA teacher's 'good guys' alliance fails to get off the ground.

Emily Blunt's (almost) singing career

Emily Blunt nearly became the British Britney Spears.

Angelina is blocking calls from Brad Pritt

Angelina Jolie has reportedly blocked Brad Pitt's number.

Apocalyptica 'seek and destroy' sceptics with 'master' set

Apocalyptica play Max Watts in Brisbane on their Shadowmaker Tour.

Review of final show of Apocalyptica's tour

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Rural properties expected to soar as investors seek income

Rural properties are should become highly sought after

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.