Having seen an easing in residential building approvals both nationally and at the State level reported last week it is no surprise to see the same trend playing out at the regional level in Queensland.
ABS original data to May, when seen through the lens of the Conus Trend, sees Greater Brisbane Trend approvals drop to 1,835 (from 1,855 in April) although this still represents an increase of 37.4% y/y. The Rest of Queensland also eased, to 1,759 from 1,821, but here again this is still up 95.9% from a year earlier.
In our own region the Cairns SA4 saw Trend approvals dip slightly to 143 (from 149) but this is still 113% higher than a year earlier. Likewise, Townsville dipped only marginally to 123 (from 124) and remains up 154% from last year.
When considering our local data at the Local Government Area level we see Cairns Regional Council (incl Douglas Shire) at 96 Trend approvals (+101.2% y/y), Cassowary Coast Regional Council at 13 (+237.7% y/y), Tablelands Regional Council (incl Mareeba Shire) at 27 (+62.5% y/y) and Townsville City Council at 113 (+156.5% y/y).
The full Conus Regional Building Approvals Trend data for the QLD SA4s is available for download below. Please feel free to use this data but kindly acknowledge Conus when you do so.