1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Good news for Queensland home building

May 17, 2012

Property investment opportunities could be on the rise in Queensland after new figures signal positive news for the state's home building industry.

Compared to the same period of last year, approvals for new constructions were up seven per cent during the March quarter.

Warwick Temby, executive director for the Housing Industry Association in Queensland, said that although activity is low by historical standards, there are some signs of improvement.

He continued: "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."

Mr Temby emphasised that there is still some hope that the new state government will boost confidence in the market by restoring stamp duty concessions for family homes.

Data from the Australian Bureau of Statistics recently showed that more people have been granted the finance for buying a house, as lending increased throughout March.

Figures for more recent weeks are expected to improve further when they are released, especially since the Reserve Bank of Australia reduced the cash rate by 0.5 per cent.


Related Articles

Queensland units sales increase while home loans become more affordable

First home buyers and property investors looking into buying a property in Queensland could be ...
read more

Queensland first time buyers react to homeownership scheme

More and more Queenslanders are realising the 'great Australian dream' to buy their own ...
read more

Queenslanders saving more cash from government policies

The Queensland government is easing the financial burden on residential property dwellers in the ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more