Building approvals rise
BUILDING approvals have risen across the Wide Bay-Burnett, but are still 34% below the average benchmark of the two years between 2006 and 2008.
And according to the latest Urban Development Institute quarterly figures, the region sits at fourth of the six regional Queensland areas that were assessed.
The number of recent council approvals for units in the region has been described as “poor” in the survey.
“While unit approvals can be volatile,” the survey says, “in the past year they have averaged more than 80 per cent below the benchmark of the monthly average of 2006-2008. This level ranks fourth-worst of the six regional councils assessed.”
Hervey Bay UDIA president Daniel Poacher said the region also showed a trend from early 2009 of declining employment in the construction sector.
He said the current data showed yet again that there was a strong statistical relationship between dwelling approvals and construction unemployment.
Across regional Queensland total private sector house and unit approval numbers are around 40 per cent below 2006-2008.