Tag Archives: buildingapprovals

How much momentum does business investment in Qld have?

Posted on September 5, 2021 by Gene Tunny

Last week, in responding to widespread business anxiety over the economic outlook, the Queensland Treasurer tried to talk up the economy by noting the June quarter National Accounts revealed a 5.7% increase in private investment in Queensland. Such strong growth … Continue reading →

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Housing approvals at record high nationwide, but Qld’s historic high was in mid-1990s

Posted on June 2, 2021 by Gene Tunny

Soaring property prices and surging building approvals highlight a residential property market super-charged by record-low interest rates, returning expatriates, and a Fear Of Missing Out (FOMO). CoreLogic has estimated property prices were up 2.2% nationwide in May and up 2.0% … Continue reading →

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Most houses approved in one month in Qld since time of high interstate migration in 90s

Posted on February 3, 2021 by Gene Tunny

The Housing Industry Association was quick to proclaim Detached Building Approvals Reach Record High after the ABS published the December building approvals data today. “Detached building approvals” are approvals for houses, as opposed to approvals for apartments or townhouses. Obviously, … Continue reading →

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Line of 200 people for Gaythorne open house evidence of relative lack of suitable properties in Brisbane – partly due to restrictive zoning policies

Posted on January 16, 2021 by Gene Tunny

Historic low interest rates and easy access to housing finance, combined with a relative lack of suitable properties in Brisbane’s middle-ring suburbs due to zoning policies, have combined to create an odd sight at suburban Gaythorne on Brisbane’s North-side today, … Continue reading →

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

Posted on May 7, 2019 by Gene Tunny

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

Posted on February 9, 2019 by Gene Tunny

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

Posted on February 4, 2019 by Gene Tunny

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

Posted on January 13, 2019 by Gene Tunny

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

Posted on April 12, 2018 by Gene Tunny

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

Posted on April 7, 2018 by Gene Tunny

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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