Latest housing figures show increased growth
  • Tuesday 14 January 2014

SUNSHINE Coast Deputy Mayor Chris Thompson has welcomed the latest building approval figures which show the region’s economy is heading in the right direction.

The Master Builders November 2013 housing figures show the Coast led the state with a 150% increase in approvals compared to November 2012.

There were 330 approvals in November 2013, a 13% increase on the month before.

Cr Thompson said the figures were encouraging and provided reasons for some optimism.

“We have a way to go yet, but these figures build on previous months’ growth which is reassuring,” Cr Thompson said. a

“This council has introduced numerous measures to increase confidence in the building industry and I’m cautiously optimistic they are having a positive impact.

“Pre-lodgement fees for discussion on potential development applications have been scrapped and reductions in other charges show this council is open for business.

“The Build and Benefit incentives have unlocked previously approved developments which had not started.”

Cr Thompson said a growth in housing approvals transferred to long-term growth in jobs and the economy.

“The Kawana Health Hub and the Maroochy City Centre will provide further opportunity for increased housing demand, while the Sunshine Coast airport expansion, Valdora Solar Farm and the Sunshine Plaza expansion will continue to grow our economy,” he said.

“This is another step towards Council achieving its goal for the Sunshine Coast to become the most sustainable region in Australia – with a sustainable economy, environment and community.”

November 2013 building approvals – Queensland (courtesy Masters Builders)

Region

Nov 13

Oct 13

Nov 12

% change Oct to Nov 13

% change Nov 12 to Nov 13

Brisbane

2,167

2,028

1,226

7%

77%

Gold Coast

482

252

251

91%

92%

Sunshine Coast

330

291

132

13%

150%

Burnett Wide Bay

138

120

96

15%

44%

Darling Downs & South West Qld

161

185

124

-13%

30%

Central Qld

102

163

261

-37%

-61%

Mackay & Whitsunday

105

181

203

-42%

-48%

North Qld

146

241

166

-39%

-12%

Far North Qld

69

104

70

-34%

-1%