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Building approvals post strong annual growth in March

ByJames Brown

Keeping up with the growing population means ensuring there's enough accommodation for everyone moving to the state. 

In a great turn of events for the Sunshine State, the latest figures released from the Australian Bureau of Statistics show Queensland dwelling approval numbers rose by 3 per cent over March. 

Treasurer Curtis Pitt said this highlights the strength of the state's real estate market, putting building approvals 26 per cent higher in March 2015 than the same time last year.

"The increase in dwelling approvals over the last 12 months is an encouraging sign for the State economy and for the job prospects of thousands of Queenslanders," said Mr Pitt in a 4 May statement. 

"It's also a vote of confidence in Queensland's housing and construction industry and we'll continue to engage with the sector to promote more growth." 

This could offer potential investors some incentive to consider the construction of real estate in Burpengary. Furthermore, Mr Pitt said these figures were expected to continue increasing over the coming year. 

Now could be a great time to get in touch with a local real estate agent in Burpengary, and begin looking into the available options across the community. 

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