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Tag Archives: buildingapprovals
Reasons to be optimistic Qld will cope with shock from mining investment decline
BIS Shrapnel’s new report on the mining industry appears to pick up the points made at the Energy Skills Queensland conference I attended last week regarding how gas will boom, but the outlook for minerals is much less optimistic (More … Continue reading
Posted in Macroeconomy, Mining
Tagged buildingapprovals, employment, labourforce, mining, mininginvestment, qld, qldeconomy, queensland, resources, retailtrade
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Housing outlook improving
Yesterday’s building approvals data from the ABS should be encouraging for the Queensland building industry because they signal a recovery in housing construction, just as approvals of new apartment stock are declining. Approvals of private houses are trending upwards (first … Continue reading
Posted in Brisbane, Housing, Ipswich
Tagged abs, brisbane, buildingapprovals, buildingindustry, construction, housing, ipswich, qld, queensland, westerncorridor
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Still waiting for building industry recovery
The Queensland building industry will continue to experience lean times over coming months with building approvals remaining significantly lower than they were before the financial crisis (see chart below based on today’s latest ABS data). While seasonally adjusted building approvals … Continue reading
Queenslanders spending, but not building
It was a week of mixed economic news for Queensland, with the latest ABS data showing retail spending is growing reasonably well in Queensland, while building approvals continue at low levels. Queensland is out-performing the rest of Australia on retail … Continue reading
Posted in Housing, Macroeconomy, Retail trade
Tagged abs, buildingapprovals, qld, qldtreasury, queensland, retailtrade
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Townsville beats Brisbane on economic fundamentals, says new RAI Insight database
Townsville Mayor Jenny Hill will be pleased the Regional Australia Institute has ranked Townsville very highly on economic fundamentals in its new Insight database, as it supports the Council’s case for investing in the region that will be expressed in its … Continue reading
Posted in Brisbane, Townsville
Tagged australia, brisbane, buildingapprovals, queensland, raiinsight, townsville
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Qld defies national trend in capital spending – Qld resources sector investment hasn’t peaked yet
Consistent with yesterday’s data on construction activity (see my post from this morning), ABS data released today show private sector capital spending in Queensland has not yet fallen from a peak, as national capital spending has due to a drop … Continue reading
Posted in Housing, Mining
Tagged abs, australia, buildingapprovals, capex, mining, queensland, resources
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More evidence of modest recovery in Far North
A new Chamber of Commerce and Industry Queensland (CCIQ) survey reported on by the Cairns Post today provides further evidence a recovery is underway in Far North Queensland: CCIQ Far North Queensland policy chairman Brett Moller said the region had … Continue reading
HIA still worried about Qld housing industry
Building approvals are a reasonably good leading indicator of economic activity across the economy because the construction industry employs nearly 10% of the workforce (see this OESR table) and it buys a lot of products from other parts of the … Continue reading
Posted in Housing
Tagged abs, australia, buildingapprovals, buildingindustry, construction, hia, oesr, queensland
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Still waiting for building industry recovery
New ABS building approvals data show building approvals (seasonally adjusted) in Queensland increased by nearly 8% in December 2012, but they remain at a low level: The national data aren’t encouraging. See, for example, coverage at MacroBusiness (Building approvals fall … Continue reading
Qld building industry recovery postponed
In a post last month I observed that of the so-called four pillars of the Queensland economy – agriculture, construction, resources and tourism – the resources sector has been the only one with employment growth in recent years. Unfortunately, new … Continue reading
Posted in Housing
Tagged abs, buildingapprovals, buildingindustry, construction, fourpillars, hia, queensland
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Queensland Economy Watch 