Tuesday, July 31, 2012

Building approvals trend continues ....

Building approvals declined less than expected in the ABS June data to continue a slow cautious trend recovery. 


The trend estimate for total number of dwelling units approved in Queensland rose 1.8% in June and has risen for 8 months. The trend estimate for the number of private sector houses rose 0.2% in June after being flat in the previous month.

Also, reports of an RP data survey has placed Cairns among the top 10 buyers markets, which are all in Quieensland. Central West was the only region in Queensland to make it to the top sellers list.

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