That seminar covered some of the data in these profiles, and particularly how OESR were tracking property development on a more cohesive basis in Council areas throughout Queensland.OESR is doing good work here in providing valuable aditional data.
At their seminar OESR referred to an overhang of stock in Cairns. Low approvals don't reflect the substantial outstanding stock. Only in the last year has Townsville accumulated a stock above Cairns for the first time since that data commenced in 2003. The OESR data on 'operational works approved' is quite recent but very worthwhile. The ratios here are also relevant with the Gold Coast actually below Cairns on 'operational works approval" as a proportion of (quite low commparatively) approvals stock!
This is good stuff from OESR and deserving of analytical attention!