We’ve only now had time to crunch the numbers for the February regional building approvals data (released while we were on holiday a few weeks ago), but it doesn’t provide any joy for the North.
Considering the SA4 regional data first, the Conus Trend series for Cairns shows a slight improvement to 71 (after Jan was revised up from 69 to 70), this is still 35.8% below the level of a year ago. In Townsville the Conus Trend fell slightly to 67 (although Jan was revised from 66 to 68).
The complete data set for the Conus Trend Regional Building Approvals at the SA4 level 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.
At the Local Government Area level the story is a similar one. The Townsville City Council saw approvals dip to 62 (from 63), a decline of 4.6% for the year. In Cairns Regional Council (including Douglas Shire) the Trend was stable at 40, down 47.5% for the year. The Cassowary Coast was also stable at 6 (although only after Jan was revised up from 4) but remains down 23.8% from a year earlier. The Tablelands (including Mareeba) fell to 18 (from an unrevised 19 in Jan) and is down 21.2% from a year ago.