Surge in build­ing ap­provals by­passes re­gions

Townsville Bulletin - - NEWS -

QUEENS­LAND is on track for 13 per cent growth to 40,000 new dwellings in 2014- 15, while em­ploy­ment data says 23,000 jobs have been added since Fe­bru­ary.

Master Builders has wel­comed im­proved build­ing ap­provals but ac­knowl­edges declines have been recorded in most re­gional ar­eas.

In North Queens­land, based on Townsville, the peak build­ing group said 1617 dwelling ap­provals were recorded in the 12 months to May com­pared with 1816 in the pre­vi­ous 12 months, an 11 per cent fall.

The big­gest in­creases were at Greater Bris­bane and the Gold Coast, where dwelling ap­provals jumped 26 per cent and 29 per cent re­spec­tively.

Statewide, the big­gest falls of 61 per cent and 51 per cent oc­curred in the Mackay and Cen­tral Queens­land re­gions where the min­ing down­turn has hit lo­cal economies.

Master Builders ex­ec­u­tive Paul Bid­well said to­tal dwellings ap­proved for con­struc­tion in Queens­land in­creased by al­most 4 per cent in May.

“With one month still to go, the year- to- date fig­ures put us on track to reach our am­bi­tious forecast for the fi­nan­cial year of 13 per cent growth and 40,000 dwelling com­mence­ments,” Mr Bid­well said.

State Trea­surer Curtis Pitt said Aus­tralian Bureau of Sta­tis­tics labour force data showed Queens- land added 3500 jobs in June, all of them full time, and that 23,100 full­time jobs had been cre­ated since Fe­bru­ary.

“Queens­land is the only state in the coun­try to have recorded a fall on trend in the latest un­em­ploy­ment data from the ABS for June,” Mr Pitt said.

He said Queens­land’s trend un­em­ploy­ment rate fell to 6.3 per cent in June, from 6.4 per cent in May.

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