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Data today from the ABS confirms that the recent slowdown in building approvals growth we have seen across Queensland (year/year increase in August down to +32% from +96% as recently as March) is being driven primarily by a slowdown in the regions. The August regional data from the ABS, when …read more
Across the nation residential building approvals fell 8.6% m/m in July and are now up 21.5% for the year. House approvals are up 27.3% for the year while units are up 11.3%. The only state to buck the declining pattern was Queensland where we saw a 9.0% m/m improvement which …read more
Today’s’ ABS original regional building approvals data for June allows us to update our Conus Trend series for Queensland regions. As we saw last week QLD’s rate of growth of approvals fell to 38.5% y/y (seasonally adjusted) in June; it had been as high as 86.6% in March. What today’s …read more
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 …read more
March data today from the ABS allows us to update our Conus Trend series for regional building approvals in Queensland and, once again, it shows approvals in the regions booming. While approvals across the nation were up 47.4% y/y (s.a.) in Queensland the rate of growth was an even more …read more
Data for March shows building approvals across Australia were up 17.4% m/m, for a 47.4% y/y increase. House approvals are up 62.2% for the year while units rose 28.1%. In Queensland total approvals were up 12.1% m/m but are surging 82.2% above where they were a year ago on the …read more
Data from the ABS for residential building approvals in February confirms that the surge continues apace. Across the nation approvals are now up 20.1% y/y after a month-on-month bounce of 21.6%. House approvals are driving the national surge (up 57.9% y/y) while unit approvals remain 26.3% below their level of …read more
Despite some weakness in the national and state data for January, which showed some significant month-on-month declines (see here for details), figures released today for the regions show that strength was maintained in the North. The data for the SA4 regions in Queensland, when seen through the lens of the …read more
Residential building approvals for January reversed some of the very strong data seen at the end of last year. However, approvals still remain well above the levels seen a year ago on the back of available government support and low interest rates. Nationwide approvals fell 19.4% for the month but …read more
Last month we wrote of a surge in residential building approvals in the North. This month the story is even stronger. Following last week’s data December release which showed year-on-year residential building approvals up 23% nationally and 83% in Queensland today we got the regional data release from the ABS …read more
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