Regional Building Approvals offer no joy to the North

Today sees the release of the April regional Building Approvals data from the ABS. As always we focus on the Conus Trend data series rather than the highly volatile original series as presented by the ABS.

Looking at the SA4 level first, we see Cairns approvals stable at a Trend of 73 after March was revised down from 77. This represents a 35.3% decline from the same time last year. In Townsville the Trend is also stable, at 79, although March was revised up from 70. The year/year change in Townsville now stands at +0.6% after the sharp declines seen last year.

When considering the split between Greater Brisbane and the Rest of Queensland we see Trend approvals in both up to six month highs, although both are still well down from their levels of a year ago ( Rest of Queensland down 10.1% and Greater Brisbane down 27.1%).

When we look at approvals across the Local Government Areas the slightly weaker picture is repeated (not surprisingly!). Cairns Regional Council (incl Douglas Shire) sees Trend approvals at 43, up from 42 in March although this was revised down from 49; this is a 46.7% decline from a year ago.

Townsville City Council Trend approvals are stable at 73 after March was revised up from 67. This represents a 1.1% decline year on year.

The Tablelands Regional Council (incl Mareeba Shire) dips to 17 from an unrevised 18 in March; a 30.4% decline for the year.

The Cassowary Coast Regional Council also dips, to 5 from an unrevised 6 in March for a 35.5% drop on the year.

The complete set of Conus Trend 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.

Conus Trend Regional Building Approvals QLD – Apr 2017

 

 

 

 

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