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."



Headless body murder accused ‘happy’ after man dismembered

Headless body murder accused ‘happy’ after man dismembered

LINDY Williams claimed ‘violent partner’ had gone overseas and she was getting a...

11,000 work hours later, Rattler hits major milestone

premium_icon 11,000 work hours later, Rattler hits major milestone

Historic train steams towards return to tracks.

'Serious threat': Bells Bridge quarry plan draws anger

premium_icon 'Serious threat': Bells Bridge quarry plan draws anger

Development will be a "great risk to the environment” residents say.

Local Partners