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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
Residential building approvals data for Dec released this morning shows total Australian approvals up 10.9% m/m which brings them to 22.8% higher than a year ago. House approvals are up 55.4% y/y while units have fallen by 18.4% y/y. In Queensland the lift is even more impressive. Total approvals were …read more
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
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
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