Local building sector flourishing
“IS THAT a light I see at the end of the tunnel?”
With an unusual wide grin on his face in the wake of the global financial crisis and a slump in building on the Fraser Coast, local Master Builders boss Rory McDonald, said yesterday he was stunned at the latest building statistics for our region.
“The July 2010 ABS building figures show an encouraging swing into the positive,” Mr McDonald said.
“The figures are totally unexpected and an absolute shot in the arm for the region we did not see coming.”
The approvals for new single dwellings – houses – for April, May and June were 73, 77 and 88 respectively.
In July there were 219 new approvals.
“Likewise renovations and additions shown for April May and June were 80, 116 and 85,” Mr McDonald said.
Then we see 218 for July.
Mr McDonald said while commercial approvals for the four months were steady with an average of eight per month, he was “a bit taken back at the sudden surge of domestic dwellings”.
“I originally thought these figures may include the Federal Government’s public housing programs but on further examination the unit approvals were minimal so we are seeing private sector housing approvals suddenly surgem” he said.
“It is as if everyone was sitting waiting for the start of the new financial year to press the button.
“We sure hope this is the start of something in the industry locally as that confidence flows onto all facets of the region financially.”