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Building Approvals Rise

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Non-residential building approvals in the South Burnett are currently running at double their five-year average, according to new data from the ABS

May 22, 2019

Building approvals in the South Burnett may be emerging from a four-year slump, according to new data from the Australian Bureau of Statistics (ABS).

Earlier this month, the ABS reported that in the year to March, the South Burnett recorded $46.3 million in building approvals.

The last time the region had more than $40 million in building approvals was in 2013-14 ($40.4 million).

The ABS data also showed this year’s approvals were almost evenly split between residential ($23.9m) and non-residential ($22.4m) construction.

The South Burnett has recorded an average $20 million in residential building approvals over the past five years, and the latest figures are close this.

However non-residential building approvals are more than double their five year average, indicating an upswing in commercial investment.

“This is a great result for our growing regional economy,” Mayor Keith Campbell said.

“Construction activity can easily be seen across the South Burnett, and these statistics show that activity has a healthy forward pipeline.”

Chart: South Burnett building approvals from 2014-15 to March 2019 (Data source: ABS)

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