Downer
HomeMining Industry News Construction sector still in contraction even as building approvals jump on apartments

Construction sector still in contraction even as building approvals jump on apartments

Tuesday 10th of January 2017 11:28:24 AM



In November last year building approvals increased by 7% which was driven by a rise in apartments and units, which jumped 17.3%.

Bureau of Statistics data showed 17,569 dwellings were approved in total, with apartments and townhouses making up 7,966 of the total.

Data on the apartment sector is volatile, with large projects skewing data up and down from month to month.

In the more stable trend data, approvals fell 2.9 per cent November, down for the sixth consecutive month, with analysts again noting an oversupply of apartments in Brisbane and Melbourne.

Dwelling approvals fell in the Northern Territory, New South Wales, Queensland, the ACT, Victoria and South Australia.



Read Full Story Here

Recent Related News

Y Fronts teaser bannerDowner Group MiningLink prefered resume writers Civil Link Banner
Leading Hand Shot Firer
Downer Blasting Services are seeking applications from experienced Leading Hand Shot Firers in Blackwater on a lifestyle roster with camp accommodation.

Loader Operator
Downer EDI Mining are currently seeking an experienced Loader Operator to join the Train Load out team at Karara

Auto Electrician
Downer EDi Mining is currently seeking expressions of interest from motivated and safety oriented Auto Electricians for an immediate start paying excellent $$$$

Drill Fitter
Downer EDI Mining is currently seeking experienced Drill Fitters to join the team at Karara

Underground Fitters Grosvenor
Inducted Underground Fitters

Copper Hits Week High On Risk Appetite
Copper hit a week high on Tuesday as risk appetite continued to strengthen following centrist Emmanuel Macron's victory in the first round of the French presidential election on Sunday, though gains ....

Gold Price Drops As Emmanuel Macron Shapes Up To Win French Presidential Election
The price of gold has dropped to a seven-week low after the first round of the French presidential election. It fell to $US1,264 ($AU1,673) per ounce before rebounding to $US1,275. Read ....

Still Reeling From Faded Boom, WA's Economy Worst In Australia, Report Shows
Western Australia has come last again in a quarterly report comparing Australia's state economies, lagging behind on all growth indicators as the end of the mining boom continues to hurt. Read ....

SA Power: Mining Royalties Tumble After Statewide Blackout
The statewide blackout that hit South Australia last September is likely to have an impact on this year's state budget, Treasury has said. Read Full Story Here

Regional Cities Show Resilience After Mining Boom Goes Bust, Productivity Commission Report Says
Benefits from the mining boom are still being felt in regional areas despite the prolonged downturn, according to a report from the Productivity Commission. Read Full Story Here