Increase in Queensland home approvals

Buyers of property in Burpengary should find there's no shortage of choice at the moment, as figures show the number of residential projects given the green light has increased.

Analysis of official figures carried out by the Housing Industry Association (HIA) reveals that on a national basis, approvals have reached their highest level on record.

Data from the Australian Bureau of Statistics (ABS) shows 18,245 new homes were constructed in November, which was almost 3 per cent higher than the previous record set in August 1994.

Queensland was one of the drivers behind this rise, as the state witnessed a 5.7 per cent increase in dwelling approvals over the course of the month.

This was one of the highest results in the country, as the likes of New South Wales and South Australia witnessed declines in their activity levels.

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