Today saw the release of the March regional building approvals data from the ABS at both SA4 and LGA level. Following the (very) modest improvement in the Trend data at a state level last week (see here for details) we have seen a similar story emerge in the Far North.
Starting with the SA4 level data we see the Cairns Conus Trend improve to 77, after Feb was revised up from 71 to 75. Townsville fell very slightly to 70, but only after Feb was revised up from 67 to 71.
At the Local Government level we also see improvements. Cairns Regional Council (incl Douglas Shire) improved to 49 (Feb revised to 47 from 40). Tablelands Regional Council (incl Mareeba Shire) dipped to 18 (Feb revised up from 18 to 19). The Cassowary Coast Regional Council was unchanged at 6 while Townsville City Council was also unchanged at 67 (although Feb was revised up to 67 from 62).
Looking at the split across the State we see that this generally positive move in the North has occurred in the face of a somewhat weaker picture across the Rest of Queensland.
The full SA4 data set for the Conus Trend series for Queensland is available for download below. Please feel free to use this data (for non-commercial uses) but we would appreciate you acknowledging Conus when you do so.