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 …read more

Building Approvals drop, but QLD does rather better

August residential building approvals data showed a decline of 1.6% on the month for a very modest 0.6% gain over the past 12 months. House approvals are now up 12.3% y/y while the far more volatile unit approvals are down 18.1% across Australia. Queensland’s numbers are somewhat better. Approvals were …read more

Regional Building Approvals data shows some improvement in Cairns

The regional Building Approvals data from the ABS (released last week while we were away) allows us to update the Conus Trend series for the QLD regions. While approvals in July across QLD were down 16.2% y/y, the Conus data shows that most of that fall is occurring in the …read more

Trend building approvals hit record low in Cairns in June

Today saw the release of the ABS original regional building approvals data for June, which allowed us to update the Conus Trend data series. While residential approvals fell 17.3% in Queensland in June (see here for more detail) today’s data shows that it’s the regions outside Greater Brisbane where the …read more

Building Approvals tumble in June

The residential building approvals data from the ABS for June show another steep decline. Approvals fell 4.9% m/m (seasonally adjusted) which takes the year-on-year decline to 15.8%. House approvals are down 6.4% for the year while units are off 30.2%. In Queensland total approvals fell 10.9% m/m and are now …read more

Big drop in Building Approvals led by NSW and Victoria units

Residential building approvals fell by 16.4% m/m and were down 11.6% y/y in May as large declines in unit approvals, particularly in NSW and Victoria took hold. Across the nation as a whole unit approvals fell almost 30% for the year while house approvals were marginally higher (+0.6%). In Queensland …read more

Regional Building Approvals for April

The release of the ABS original regional building approvals data allows us to update our Conus Trend series for April. Lats week we saw nationwide Trend approvals up 3.9% for the year while Queensland registered a 6.4% decline. Today’s data allows us to see that Greater Brisbane approvals fell 8.7% …read more

Building Approvals fall less than expected; QLD units continue to tumble

After the Victorian unit led surge in approvals in February (see here for details) the market was prepared for a substantial decline in the March data. The result was rather better than expected with just a 4.0% m/m decline (seasonally adjusted). The less volatile Trend series moved back into positive …read more

Regional Building Approvals; the North doing better than most

The release this morning by the ABS of their original regional approvals data for Feb allows us to update our own Conus Trend series. What we see is that, while Trend approvals across QLD fell 3.5% y/y, in Greater Brisbane the decline was just 2.1% with the Rest of Queensland …read more

Building Approvals continue to improve…but it’s all down to Victoria

Residential Building Approvals in February were up 19.9% m/m for a 5.8% decline over the year (seasonally adjusted). The less volatile Trend series showed a monthly increases of 1.0% for a decline of 2.5% over the year. While these are rather encouraging numbers (albeit from the pre-COVID-19 era) it should …read more

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