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Latest figures show the Building Boost is putting Queensland out in front of nation
ABS Building Approvals released today show once again that the
Queensland Government's Building Boost is working with Queensland
bucking the national trend of a shrinking industry.
The trend data for total number of dwellings approved in
Queensland rose 1.4% in December and the trend data for the
number of private sector houses rose 3.1%.
Deputy Premier and Treasurer Andrew Fraser said that while the
nation was seeing the 24th straight month of approvals for
private sector houses falling, Queensland has notched up its 4th
consecutive month of growth.
"These results tell us what we already know, that the Building
Boost is doing what it's meant to do, providing stimulus to the
housing construction industry, which provides thousands of
Queensland jobs.
"That's why industry bodies like the Housing Industry
Association, Master Builder's Queensland and the Property Council
have all welcomed the recent extension of the Building
Boost.
"We have seen the Boost gain plenty of momentum in recent months,
and we think that will continue through to April.
"With cuts to official interest rates, as well as the lowest
standard stamp duty rates for all homes in the mainland States of
Australia, there has never been a more attractive time to buy or
build a new home."
Mr Fraser said the results crushed the LNP's political claims
about the property industry and the need for the building
boost.
"The LNP is all over the place on this issue. They have publicly
advocated against the Boost, then voted for it in the Parliament,
then advocated against the extension in the media before telling
a Property Council breakfast that they'd support it.
"I intend to give them the opportunity to vote for the extension
in the February sitting of Parliament.
"The fact of the matter is that the Bligh Government cares about
the Queensland economy and those in the construction industry and
that is why we're working hard to stimulate the sector.
"I urge everyone to make the most of this great offer before it
ends on April 30."
Boost take-up rate:
August 100
September 569
October 1174
November 2038
December 3221
January 4602
Deputy Premier, Treasurer and Minister for State Development and
Trade
The Honourable Andrew Fraser
02/02/2012
Latest figures show the Building Boost is putting Queensland out
in front of nation
Permanent Link: Latest figures show the Building Boost is putting Queensland out in
front of nation
Publish Date: 02 Feb 12
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