News

Building figures heading up after a hammering year in 2012

Builder Adrian Price on the building site of one of his homes currently under construction. Photo: Chris Ison / The Morning Bulletin
Builder Adrian Price on the building site of one of his homes currently under construction. Photo: Chris Ison / The Morning Bulletin Chris Ison

PRICE Homes building manager Adrian Price said 2012 was a great year for building, and he expects 2013 will be even better.

His forecast ties in with that of Masters Builders' Association housing policy director Paul Bidwell.

"In the previous year we built 148 houses," Mr Price said.

"We had a lot of out-of-state investments at the start of the year and have seen the local market start to kick in towards Christmas."

Mr Price said he noticed the local market had risen.

"There's been a huge increase in the local market," he said.

"Gracemere and Zilzie Bay are very popular areas to be building.

"I completely agree with Master Builders that 2013 will be another good year."

The home building industry has moved to instil confidence in Queenslanders to build their own homes this year, forecasting a turnaround in the industry in 2013.

Mr Bidwell said the patchy performance of the industry last year told a positive story for this year's home buyers and renovators.

He said, while dwelling unit approvals statewide fell 1.5% in November, most regions had recorded positive growth.

"Despite the drop since October 2012, the November 2012 figures are a definite improvement from the lows of November 2011," he said.

"And we remain confident that housing activity will start to turn around in most areas of the state in 2013."

In the regions, the Sunshine Coast had the biggest fall in residential building approvals in November, down 13.9% on Octoberfigures.

But they tell a different story for the Mackay, Whitsunday and Central Queensland regions, up 20.1% and 4.8% respectively.

Mr Bidwell said it was important to focus on the positives for the industry.

"These include the four interest rate cuts during 2012, reasonably strong economic fundamentals, such as employment and population growth, and the Queensland Government's First Home Owner Construction Grant, from in September 2012."

The top region for residential housing approvals in November was North Queensland, possibly showing belated recovery after cyclone Yasi, up 35% on October figures.

"All of these positive factors, combined with an industry that is crying out for work, come together to create favourable conditions for anyone considering building or renovating," Mr Bidwell said.

"You should be able to find a contractor who can begin work quickly - there shouldn't be any 18-month waiting lists, unlike four years ago.

"With such favourable conditions and, as activity levels start to improve, 2013 is definitely shaping up to be a good time to build."

Topics:  building, figures, gracemere, master builders



BREAKING: Emergency services at gas leak in Gladstone

Gas leak at Gladstone.

Fire crews are at the scene working to make it safe.

WATCH: Gladstone crabber losing livelihood to thieves

Alan Grayson is furious with the ongoing thefts of crabs and pots in the region.

GLADSTONE crabber warns off fish and pot thieves in Boyne waterways.

Local Partners

Kim Kardashian West wants restraining order against prankster

She was attacked by Vitalii Sediuk for the second time in two years

Cliff Richard to release 101st album

Sir Cliff Richard's album cover

Sir Cliff Richard is to release his 101st album

CMC Rocks faces fan backlash over date change, headliners

The 10th annual CMC Rocks festival will be headlined by The Dixie Chicks.

FANS are not happy about festival being pushed back by two weeks.

Kim Kardashian West attacked by man trying to kiss her bottom

Vitalii Sediuk targeted Gigi Hadid last week

Madonna poses naked in solidarity with Katy Perry

Madonna posted her own nude selfie on Instagram

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

'Flex muscles': Gladstone suburb drops $120K

BUYERS are scooping unprecedented deals by “flexing their muscles at the table”

Few bright lights for property after mining downturn

The Gladstone Regional Council wants associated LNG companies like Bechtel to be apart of the EIS housing accommodation strategy from the outset of the projects and not mid-way through.

Tannum Sands continues to write its own property success story

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Market opens as Gladstone sellers drop prices to force sale

VENDORS are dropping the price on houses to force a sale.