Re­gions in rise from big slump

The Weekend Post - Real Estate - - Real Estate - with Ron Ban­nah,

BUILD­ING ap­provals in Queens­land’s re­source-rich re­gions have spiked, in­di­cat­ing the mar­ket may have reached rock-bot­tom and is now experiencing a pos­si­ble turn­around. The fig­ures for March, re­leased by the Aus­tralian Bureau of Statis­tics, show the re­source re­gions got the first good news since 2012, and Mas­ter Builders is hope­ful the fig­ures in­di­cate the be­gin­ning of a turn­around in th­ese re­gional economies, which have been lag­ging for three years. It wasn’t just good news for Mackay and Cen­tral Queens­land, with Far North Queens­land ap­provals also show­ing a healthy in­crease of 14 per cent dur­ing the past year, and a mod­est 3.2 per cent in­crease from last month. Th­ese strong ap­provals, cou­pled with con­tin­u­ing in­dus­try con­fi­dence, which has been bol­stered by fu­ture projects like Aquis, the re­cently an­nounced C3 Tow­ers Project and the Nova 8 Project (sched­uled to come on­line in the com­ing months), cer­tainly tell a promis­ing story for Cairns and the sur­round­ing area. The fu­ture is look­ing pos­i­tive and Mas­ter Builders and the build­ing in­dus­try in gen­eral are look­ing for­ward to sta­ble and im­prov­ing con­di­tions ahead. Ron Ban­nah, Mas­ter Builders’ FNQ re­gional manager

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.