Property

Building approvals up in March

HIA Queensland Executive Director Warwick Temby said home building approvals in the March quarter of this year were seven per cent up on the same time on 2011.

The number of building approvals for Toowoomba was up 59% for the first quarter this year compared to the first quarter last year.

There was 184 dwellings approved in the first quarter of 2012 compared to 116 for the same period last year.

"While activity is still extremely low by historical standards it is showing signs of improvement," Mr Temby said.

"But the improvements that we are seeing are very patchy across the state.

"It is the central Queensland cities associated with the resources boom that are experiencing the strongest growth.

"Townsville, Rockhampton, Mackay and Gladstone have all seen home building approvals more than double over the last year.

"Conditions in South-East Queensland though continue to be soft, with approvals still down on 2011 levels.

"Recent reports from HIA members in the South-East suggest that conditions are set to improve, especially after the recent cuts in housing lending rates.

"HIA also hopes that the new State Government will inject some confidence into the home buying public," Mr Temby said.

"Its plan to restore stamp duty concessions for the family home in July will be an important step in this process."

Topics:  construction industry, hia, housing industry


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Gymnasts qualify and improve, leading up to championships

The Emerald Gymnastics Club's ACRO group took part in the Central Queensland ACRO qualifier two in Emerald.

Gymnasts qualify and improve, leading up to championships

Clermont ranger cooks on

MasterChef Australia contestant Miles Pritchett.

Clermont ranger cooks on

Flood mitigation floated in council

A housing estate in Emerald during the 2010/11 floods.

Flood mitigation floated in council

Latest deals and offers

Free skate day to celebrate new Blackwater PCYC position

BLACKWATER youth can celebrate in a new position at the Blackwater PCYC, which will provide more development programs and activities available to the community.

Gymnasts qualify and improve, leading up to championships

The Emerald Gymnastics Club's ACRO group took part in the Central Queensland ACRO qualifier two in Emerald.

Gymnasts qualify and improve, leading up to championships

Clermont ranger cooks on

MasterChef Australia contestant Miles Pritchett.

Clermont ranger cooks on

Flood mitigation floated in council

A housing estate in Emerald during the 2010/11 floods.

Flood mitigation floated in council

Emerald apprentice proves to be a cut above the rest

The Hardcore Haircuts team of Demi Brotherson, Alan Freiberg, Kathleen Murray, Ronel Ryan and Stevie Featherstone.

Emerald apprentice proves to be a cut above the rest

Free child health clinics on offer for CQ families

Andrea and Matt Cislowski with midwife and child health nurse Gayle Donaldson.

Free child health clinics on offer for CQ families

Things to do in Central Queensland this week

Capella Show. Photo Matthew Holdsworth / CQ News

Your guide to events this weekend and throughout the week

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked