QLD houses lead building approvals growth

first_imgTrend approvals figures for private houses in Queensland jumped 1.6 per cent in latest data.NATIONAL detached house approvals have jumped to their strongest level in 15 years, and private houses in Queensland are leading the trend.Australian Bureau of Statistics trend figures showed that over the three months to April, 31,562 new detached houses were approved for construction.Housing Industry Association senior economist Shane Garrett said it was the most in any three-month period since 2003. Huge drop in Brisbane land prices Beach shack sells for record $11.2m Brisbane home values stay strong Where to buy for under $500,000 “The volume of approvals for new detached houses is at its strongest in 15 years,” he said.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours ago“The performance of the detached house building market is remarkable. The volume of house approvals during the three months to April was 9.9 per cent higher than a year ago – a time when it was already elevated.” The volume of house approvals in the three months to April was 9.9 per cent higher than a year ago.Private sector house approvals were up highest in Queensland, rising by 1.6 per cent, followed closely by Victoria (1.5 per cent) and then New South Wales (0.6 per cent). Western Australia (0.9 per cent) and South Australia (0.4 per cent) also saw positive growth through April.“Strong demand for new houses is being sustained by healthy rates of population growth – itself a product of robust labour markets in Australia’s largest cities.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 7:28Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -7:28 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenPrestige property with Liz Tilley07:29 Queensland’s poorer showing in the apartment sector saw its overall building approvals fall by a massive -11.5 per cent though over the year to April, followed by the NT (-6.6 per cent), NSW (-5.4 per cent) and WA (-3.0 per cent). “The apartment market remains under pressure due to the stiffer tax burden on foreign buyers in most states as well as tighter regulatory conditions. These interventions represent a real risk for the house building industry,” Mr Garrett said. FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

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Klitschko vows to win in Fury re-match

first_imgHe’s the current WBA and WBO title holder, but was stripped of the IBF belt after choosing another meeting with Klitschko over the mandatory challenger. Wladimir Klitschko’s vowing to “remedy his mistake” in a re-match with Britain’s world heavyweight champion Tyson Fury.The two fighters will meet in Manchester on October the 29th – eleven months after Fury defeated the Ukranian.The British boxer cancelled their initial date in July.last_img

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