Tag Archives: buildingapprovals

Trouble in Qld construction industry & worse may be to come

Posted on May 17, 2017 by Gene Tunny

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

Posted on January 3, 2017 by Gene Tunny

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

Posted on January 8, 2016 by Gene Tunny

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?

Posted on October 1, 2015 by Gene Tunny

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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Curtis Island LNG projects more-or-less doubled heavy construction activity in peak period

Posted on July 1, 2015 by Gene Tunny

About the great American mountain-man Jim Bridger, Johnny Horton sang “That he was making history never once occurred to him.” I wonder if the men and women who have worked on the Curtis Island LNG plants have realised that they … Continue reading →

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Residential dwelling investment crucial to re-balancing of Qld economy

Posted on May 24, 2015 by Gene Tunny

Queensland Treasury’s latest set of State Accounts, which have created so much controversy (see my previous post on Qld’s technical recession), show just how extraordinary the private sector investment boom was in Queensland, with investment increasing as a share of … Continue reading →

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Residential building will help economy adjust to end of mining boom

Posted on May 4, 2015 by Gene Tunny

March quarter building approvals figures released by the ABS today show that the residential building industry, no doubt encouraged by very low interest rates,  will help the economy adjust to the end of the mining boom (see the Queensland data … Continue reading →

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Urban sprawl filling in the 200km City

Posted on March 15, 2015 by Gene Tunny

In the first seven months of financial year 2014-15, the top five suburban areas in Queensland for residential building approvals were: Newstead-Bowen Hills (1,358 approvals), Southport (1,305), North Lakes-Mango Hill (612), Caloundra-West (406), and Jimboomba (401) (see map below based … Continue reading →

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Apartment & townhouse approvals double in January – catch up or over-shoot in supply?

Posted on March 3, 2015 by Gene Tunny

The massive surge in apartment and townhouse approvals in January reported by the ABS today (chart above) is welcome news for the Queensland building industry and people looking to buy or rent an apartment in inner city Brisbane, where much … Continue reading →

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Up-tick in Queensland building approvals, while Victoria surges

Posted on January 9, 2015 by Gene Tunny

There was a welcome 5.6% increase in building approvals in November last year according to ABS data released yesterday (see chart above), largely due to approvals of new apartments and townhouses. Of course, the volatility of approvals from month-to-month means … Continue reading →

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