The construction sector has been thriving in Queensland for some time, but it's detached homes that are currently leading the charge.
If you've yet to buy real estate in Morayfield then you should find this type of property is in plentiful supply, as the Housing Industry Association (HIA) has seen strong recovery in the sector.
Commenting on data from the Australian Bureau of Statistics (ABS), the HIA noted that during the three months to November last year, detached housing approvals were up 14 per cent compared to the same period of 2013.
HIA Queensland's executive director Warwick Temby highlighted that this has helped address some of the losses seen in multi-unit residential approvals over the same time frame.
"Most of the growth in detached home approvals has been centred on the south-east of the state," said Mr Temby.
"Detached home approvals grew by 30 per cent in Brisbane, 51 per cent on the Gold Coast and 43 per cent in the Sunshine Coast."
This trend isn't expected to be short-lived, either, as the HIA predicts that the pickup in detached housing approvals will continue well into this year and possibly beyond.
It's possible that the greater availability of serviced land will accommodate this increase.
Ray White Caboolture and Ray White Burpengary have created a reusable and recyclable bag. The Queensland Government has taken action to protect our unique environment and wildlife through the introduction of a ban on the supply of single-use lightweight plastic shopping bags on 1 July 2018. To recycle your Ray White … Read more
Below are a few ideas on what you could do for Father’s Day Treat dad to the Caboolture Sports Club all you can eat hot & continental buffet breakfast at the Caboolture Sports Club CLICK HERE to book Morayfield bunnings make a Gift For Dad Workshops CLICK HERE The shaver shop … Read more