Sell with Confidence
Read More

QLD Property Approvals on the Rise

By Andrew Bell

The Surfers Paradise property market could be set to benefit from news that dwelling approvals have increased in Queensland.

Australian Bureau of Statistics (ABS) data showed the total number of buildings approved rose in April, climbing 0.5 per cent in trend terms when compared with the previous month.

Figures for private sector house approvals were the most encouraging, rising 0.2 per cent – the first increase since February last year.

Queensland treasurer and minister for trade Tim Nicholls claimed the results are proof that the state government's property initiatives are beginning to have a positive impact.

"This marks 15 consecutive months of growth in dwelling approvals using the trend measure," he said.

"Trend approvals are now 11.6 per cent higher over the year to April, well above the national average of 6.3 per cent."

Even over the more volatile seasonally adjusted data set there has been improvement, Mr Nicholls continued, with a 13.5 per cent jump in dwelling approvals in the 12 months to April 2013.

The Newman government reintroduced the Principal Place of Residence Concession after being elected in the state, a measure that Mr Nicholls said has enabled more than 33,000 families to save as much as $7,175 when buying a home.

Up to Date

Latest News

  • RWSP Auction Clearance Rate the Highest in the Country

    The Gold Coast property market continues to prove itself the most buoyant and resilient market in the country, with a clearance rate of 90.6% for the June to July period, significantly outperforming the rest of the nation. Over the period of late June to late July, RWSP took 75 properties … Read more

    Read Full Post

  • Andrew Bell’s Market Wrap: The Latest Stats on Migration

    Issue 16 | Thursday 11 August 2022 | The Latest Stats on Migration Hi, it’s Andrew Bell here, it’s been great to see quite a pickup in investor activity because we continue to have a massive under supply in relation to rental accommodation. I will go into more detail … Read more

    Read Full Post