Tag Archives: buildingapprovals

Suncorp-CCIQ Pulse Report reveals “trepidation of a change in the Federal Government” felt by many Qld businesses

In the lead up to the federal election, the Chamber of Commerce and Industry Queensland (CCIQ) has included some bold commentary in its latest Suncorp CCIQ Pulse Survey report (on p. 16): The key factor influencing sentiment within the Queensland … Continue reading

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QEW week that was video – 3/2 to 9/2/19

Earlier today I recorded this wrap up of the past week, in which I discuss my recent economic outlook presentations (with the latest available at the QMCA website), Ken Henry’s resignation as NAB Chair, and Queensland’s state debt, among other … Continue reading

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Thankfully Hayne recommendations are fairly benign – respected commentators have started panicking over economy

Many economists and finance commentators were concerned that the recommendations of the Hayne Royal Commission into banking would lead to further restrictions on credit availability with adverse consequences for the economy. Thankfully the recommendations seem pretty benign, nothing that the … Continue reading

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Upcoming QMCA breakfast presentation on the Qld economic outlook for 2019

On Friday 8 February, I will present on Queensland’s economic outlook at the Queensland Major Contractors Association’s first breakfast event for 2019. With all the uncertainty in the global economy, it’s been a very interesting holiday period, and I’ll include … Continue reading

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South Brisbane & South Townsville top Qld in building approvals so far in 2017-18

In my last post, I considered the Queensland construction industry outlook. In today’s post, I take advantage of new data on building approvals at the small area level (ABS SA2 regions) for 2017-18 so far released by the ABS yesterday. … Continue reading

Posted in Brisbane, Housing, Townsville, Uncategorized | Tagged , , , , , , , , , , , , , , , | 2 Comments

Queensland construction industry outlook

The construction industry is very important to the Queensland economy, and it employs nearly 10 percent of all workers (see Queensland Treasury’s Employment by Industry brief). One part of the broader industry, residential construction, has grown strongly in recent years, … Continue reading

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Trouble in Qld construction industry & worse may be to come

Referring to the recent failures of building companies such as CMF Projects, CKP, and Cullen, the Courier-Mail this morning observed: …we hear that even the higher profile builders (household names actually) are getting nervous with soaring costs cutting into profits, … Continue reading

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Risk to SEQ economy from likely downswing in residential construction, as market absorbs huge supply shock

John McCarthy had a very good opinion piece in yesterday’s Courier-Mail on the “Sorry tale of the great Queensland divide”, in which he contrasted SEQ’s relatively strong economic performance with weakness in many regions, an issue which I frequently commented … Continue reading

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Unit approvals plummet in rest of Aus. with Qld likely to follow

The Brisbane Times reported the other day that Brisbane renters were being offered inducements such as iPads, suggesting that supply growth has got ahead of demand growth in Brisbane recently. This should reduce the enthusiasm of investors for the Brisbane … Continue reading

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As many units as houses approved in Queensland in last 12 months – is a unit price crash coming?

In March, QUT Media reported that, based on analysis by Professor Chris Eves, “Brisbane’s inner city apartment market will crash in 2016, due to oversupply driven by belief in inexhaustible international demand.” (See Collapse of Brisbane’s inner city apartment market … Continue reading

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