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



UPDATE: Vandal caught after defacing Downs attraction

Fresh vandalism on a newly completed path in Allora has caused upset among locals.

The new pathway is part of the ongoing Allora street-scape project

What to know before going to Warwick Rodeo

IT'S ON: The Warwick Rodeo officially started today.

BE IN the right place to see celebrities and see stellar live music

Warwick woman wins prestigious award

RURAL WOMAN: Laura Babington after receiving her awards in Emerald last Friday night.

Mrs Babington took out the award at the annual conference

Local Partners

Is this Australia’s most expensive house?

38B The Crescent, Vaucluse is shooting for Australia’s record price.

Phoenix Acres has six bedrooms, six bathrooms, a pool and tennis court

The four Coast suburbs you want to buy in now

The Sunshine Coast has been labelled the state's new property hot spot.

Sunshine Coast's market ready to skyrocket

Mackay real estate agent urges banks to move

Who's leading who when it comes to the housing market?

Willy-nilly lending burst a bubble, but agent urges banks to change

Church says no immediate plans to develop Alex Head site

Plans show the layout for 338 new units to be built by the Uniting Church at Alexandra Headland.

Church gives portion of land to the council for environmental park