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While building approvals in July are up only very modestly (Australia Trend +2.4% y/y), the increase in Queensland is a far more impressive +10.1% y/y.
That increase in QLD is being led by regional approvals, which are up 16.4% y/y, rather than in Greater Brisbane where the increase is just 7.6% y/y
In our neck of the woods, Cairns sees an increase of 7.3% y/y and Townsville has jumped 12.6% y/y (albeit from a very low base).
The full Conus Regional Building Approvals Trend dataset is available for download here.
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series