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Housing approval rates skyrocket across Queensland

By James Brown

When you're looking to buy Caboolture real estate, keeping an eye on the happenings in your local market will help you find the best possible deals.

Buying when the market is in an upturn will ensure you get a great result. The latest Housing Industry Association (HIA) release shows growth for both detached homes and multi-unit building across Queensland, which indicates a great landscape for you to buy property in. 

HIA Queensland executive director Warwick Temby said the two markets were now both growing at impressive rates. This is great news if you're a buyer in the region, with more demand and stock raising the amount of available property open to you. 

Over the March quarter, detached home approval figures grew by 15 per cent over the year, while unit approvals rose by 23 per cent. Only the Gold Coast recorded a drop. 

"The table below shows that march quarter approvals are up 44 per cent in the Brisbane area and 35 per cent in the Sunshine Coast. The drop in approvals in the Gold Coast is due to a slowing in the multi-unit approvals: Detached home approvals are up by eight per cent," said Mr Temby in a May 6 statement. 

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