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. “I urge everyone to make the most of this great offer before it ends on April 30.”
Boost take-up rate:
Source : Deputy Premier, Treasurer and Minister for State Development and Trade, The Honourable Andrew Fraser (2 February 2012)