Property

Building approvals up in March

HIA Queensland Executive Director Warwick Temby said home building approvals in the March quarter of this year were seven per cent up on the same time on 2011.

The number of building approvals for Toowoomba was up 59% for the first quarter this year compared to the first quarter last year.

There was 184 dwellings approved in the first quarter of 2012 compared to 116 for the same period last year.

"While activity is still extremely low by historical standards it is showing signs of improvement," Mr Temby said.

"But the improvements that we are seeing are very patchy across the state.

"It is the central Queensland cities associated with the resources boom that are experiencing the strongest growth.

"Townsville, Rockhampton, Mackay and Gladstone have all seen home building approvals more than double over the last year.

"Conditions in South-East Queensland though continue to be soft, with approvals still down on 2011 levels.

"Recent reports from HIA members in the South-East suggest that conditions are set to improve, especially after the recent cuts in housing lending rates.

"HIA also hopes that the new State Government will inject some confidence into the home buying public," Mr Temby said.

"Its plan to restore stamp duty concessions for the family home in July will be an important step in this process."

Topics:  construction industry, hia, housing industry




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Memories of Lincoln Bomber crash shared

FIRST ON SCENE: Thora Roser sits between Patrick Costigan and John Telfer.

Memories from the Mt Superbus tragedy were shared and remembered.

Father nervous before debut of Warwick-born centre

WARWICK BORN: Queensland State of Origin debutant Justin O'Neill passes at Maroons training.

Father nervous for Warwick-born Origin debutant

Sweat it out to raise money for Lachlan

LEND A HAND: Boot Camp for Local Champ will raise funds for Lachlan and his mother Tanya.

Help out this local champ by getting fit.

Latest deals and offers

Bennett, Langer, Thurston and others talk Cam Smith

Broncos and former QLD coach Wayne Bennett.

Broncos and former QLD coach plus past and present players talk about Cameron...

Warwick High student named as hockey nationals umpire

Interview with Warwick High student Isaac Johnson who has been named as an umpire...

Start of Pentath-run wheelchair race in Warwick

Start of Wheelchair race at Pentath-run 1500

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked