Cairns building approvals hit a 2-year high

Last week saw the national and state residential building approvals data for August (see here for details), today we got the original ABS regional data which allows us to update our Conus Trend series.

Although approvals in Queensland were up 12.0% from a year ago, today’s data shows us that the increase has all come from Greater Brisbane (+24.2%) while the Rest of QLD fell slightly (-1.8%).

Results varied enormously from region to region with Cairns up 44.6% (to 87) and a high not seen in more than two years; while the Gold Coast was down 38.9% although this was still the best result in the region for 4 months. Townsville registered a 23.5% rise (to 49) although this remains historically a poor result.

When we consider the data at the LGA level in our region we see Cairns Regional Council (incl Douglas) up 17.6% at 61 approvals; Cassowary Coast up 13,4% at 5 approvals and the Tablelands Regional Council (incl Mareeba) up 89% at 21 approvals. For the running 12 months total approvals were up 4.4% in Cairns and up 4.5% in the Tablelands but are still down 12.3% in the Cassowary Coast.

The full data set for the Queensland SA4 regions is available below. Please feel free to use this data but kindly acknowledge Conus when you do so.

Conus Regional Building Approvals Trend QLD – Aug 2020


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