Building Approvals in the North surge

Following last week’s data November release which showed year-on-year residential building approvals up 15% nationally and 32% in Queensland today we got the regional data release from the ABS which allows us to update our regional Conus Trend series. This showed that, although Greater Brisbane is doing better than the …read more

House approvals surge in Queensland

Data released this morning by the ABS for November residential building approvals show seasonally adjusted approvals were up across the nation by 2.6% m/m and are now 15.0% higher than at the same time last year. House approvals are up 34.5% y/y while unit approvals are down 12.2%. In Queensland …read more

Far North bucks the regional building approvals trend

Original regional building approval data for October released yesterday by the ABS allows us to update our Conus Trend series for the Queensland SA4 regions as well as our local Local Government Areas. While approvals were up 14.3% y/y across the nation in Oct, Queensland saw a 9.3% decline on …read more

Building Approvals do well in Sept.

Residential building approvals in September beat expectations with a 15.4% m/m increase which translates to a 8.8% y/y increase. House approvals are up 22.1% from a year ago while units are down 10.3%. In Queensland September saw a 19.3% jump for the month (significantly better than Victoria or NSW) which …read more

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

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