Queensland builds record number of dwellings

Published: 12 October 2017

The number of Queensland dwellings built has peaked at 48,151 for the 2016-17 financial year, with units and detached housing each representing 50 per cent.

Completions are up 24 per cent over the year, with the majority being units located in inner Brisbane and Gold Coast. Units have increased by a staggering 45 per cent, while houses were up by 9 per cent.

Master Builders Deputy CEO, Paul Bidwell said that while the record result was welcome, it’s no surprise that commencements are waning, confirming our forecast from earlier in the year that the party is over for the unit sector.

“While overall dwelling commencements were down by 12 per cent, the unit market was entirely responsible for the drop, falling by 24 per cent over the year,” Mr Bidwell said.

“We anticipate the trend will continue based on the recent building approvals released by the Australian Bureau of Statistics last week.

“Unit approvals for August 2017 are down 41 per cent for the 12 month period highlighting that the unit pipeline is closing quickly. We are pleased to see that in comparison, approvals for houses have remained steady, rising by 0.5 per cent.

“ABS regional building approvals released yesterday tell the story of solid regional performance, while Brisbane and Gold Coast markets continue to cool.

“At a regional level, the Sunshine Coast is clearly outperforming all other regions with strong performance in both the residential and non-residential areas.

“And in some good news for the resource regions, Central Queensland recorded a whopping 62.5 per cent increase for the month and showed some consistency with an 11.2 per cent increase over the year. Mackay & Whitsunday was close behind with an increase of 57.7 per cent.”

Number of Dwellings Approved (original data) 

Region

Current Month

Previous Month

% Change Over MONTH

Total Current 12 Months

Total Previous 12 Months

% Change Over YEAR

Greater Brisbane

2,483

2,064

20.3%

23,368

29,776

-21.5%

Gold Coast

433

437

-0.9%

6,051

8,602

-29.7%

Sunshine Coast

574

363

58.1%

5,014

4,318

16.1%

Downs & Western

203

189

7.4%

1,661

1,582

5.0%

Wide Bay Burnett

157

133

18.0%

1,736

1,576

10.2%

Central Qld

52

32

62.5%

645

580

11.2%

Mackay & Whitsunday

41

26

57.7%

263

374

-29.7%

North Qld

79

75

5.3%

869

925

-6.1%

Far North Qld

264

72

266.7%

1,264

1,256

0.6%

 Source Master Builders & ABS

ENDS 

Media enquiries: 

Julie Russell, Manager Communications & Media via email at julie.russell@mbqld.com.au or on 3225 6436.