Home / Latest News / Queensland’s home building pipeline
Housebuildingbricks
March 16, 2016

Queensland’s home building pipeline

The Housing Industry Association (HIA) believes there’s plenty of work in the home building pipeline, despite signs of new work peaking.

In the three months to January, HIA’s Queensland executive director Warwick Temby says new home building approvals in Queensland are down roughly 10 per cent compared with the same period the previous year.

“Activity on the ground this year is expected to stay at current high levels due to the amount of work at the start of the pipeline,” he says.

“There was also a huge month for multi-unit approvals on the Gold Coast in January last year, which makes the comparison with the current levels look unduly weak.

“The picture varies considerably, though, around the regions. The Sunshine Coast continues to power ahead, with approvals up 29 per cent on the same time last year. Other regional markets are not faring as well.

“Another bright spot for the industry is that after a prolonged post-GFC downturn in major renovations, that part of the industry has recorded four per cent growth over the year with most parts of the state benefitting,” Temby says.

 

Number of total dwellings approvals
  Three months to Jan 16     Three months to Jan 15 % change
Greater Brisbane

 

Cairns

 

Gladstone – Biloela

 

Rockhampton

 

Gold Coast

 

Mackay

 

Sunshine Coast

 

Toowoomba

 

Townsville

 

Bundaberg

 

Hervey Bay

 

 

Queensland

6,815

 

246

 

49

 

85

 

1,471

 

89

 

942

 

234

 

195

 

93

 

89

 

 

10,558

7,201

 

216

 

37

 

119

 

2,138

 

126

 

728

 

283

 

347

 

104

 

79

 

 

11,675

-5%

 

14%

 

32%

 

-29%

 

-31%

 

-29%

 

29%

 

-17%

 

-44%

 

-11%

 

13%

 

 

-10%

.About API

Founded in 1997, API is Australia's highest-selling property magazine.

View all articles by API »

HAVE YOU SUBSCRIBED TO AUSTRALIA'S MOST TRUSTED AND WIDELY READ PROPERTY INVESTMENT MAGAZINE?
Your subscription gives you access to API magazine (print+digital or digital-only edition) plus access to all the Premium Content on this website.
SUBSCRIBE NOW & SAVE!