Regional Building approvals; Cairns edges higher, Townsville very slightly lower

Last week saw the national and state building approvals data show a continued decline, although the pace of that decline has slowed. Queensland Trend approvasl fell by 19.1% y/y which was the slowest rate of decline in a year. Today’s original data from the ABS (when seen through the lens of the Conus Trend) shows a similar story in our own region.

Greater Brisbane saw Trend approvals drop by 21% y/y while the rate of decline in the Rest of Queensland was slightly less at just 16.8%.

In our own region there were some minor improvements. Cairns SA4 registered a very slight increase (to 71), although this remains down 11.6% from a year ago, while in Townsville Trend approvals fell slightly to 42; this is a 6.6% increase for the year after the sharp collapse seen since the end of 2017.

When we consider the data at the LGA level we see Trend approvals in Cairns Regional Council (incl Douglas Shire) unchanged at 53 (down 1.4% y/y); Cassowary Coast unchanged at 5 (down 36.6% y/y); Tablelands Regional Council (incl Mareeba Shire) also unchanged at 13 (down 27.4% y/y). In Townsville City Council approvals were also unchanged at 34 and were up 2.6% y/y.

The complete set of Conus Trend Regional Building Approval Trend data is available for download below. Please feel free to use this data but kindly acknowledge Conus when you do so.

Conus Regional Building Approvals Trend QLD – Sept 2019


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