Today’s release of Regional Building Approvals continues the recent trend of declines. The original, unadjusted ABS data is best seen through the lens of the Conus Trend and here we see the SA4 Region of Cairns drop from a revised 74 in Nov (was 73) to 70 in December; this is a 35.4% decline from the Dec 2015. In the Townsville SA4 Region the Nov figure of 73 (unrevised) has dropped to 71 for a 6.4% decline from this time last year.
The decline we are seeing at a State level (see here for details) is being driven by the sharp fall in Unit Approvals, and these (as we would expect) are impacting most dramatically in the Greater Brisbane area (Conus Trend down 40.1% on the year) with the Rest of Queensland seeing declines of a much lesser extent (down just 8.8% since Dec 2015).
The full set of Conus Trend QLD Regional Building Approvals data is available for download below. Please feel free to use this data (for non-commercial purposes) but we would appreciate you acknowledging Conus when you do so.
Within our own local region the data for the Local Government areas is no more encouraging. Cairns Regional Council (incl Douglas Shire)sees the Conus Trend drop to 47 (Nov revised down to 49); the Cassowary Coast remains stable at 4 (although Nov was revised down from 5); the Tablelands (incl Mareeba Shire) is stable at 23 (although Nov was revised down from 26) while Townsville City Council drops to 64 (after Nov was revised up to 65).