The past three years are likely to have proved a positive time for the construction of property in Elimbah and other parts of Queensland, as a result of changes to the state's planning system. The 2015 Development Assessment Report Card has been released by the Property Council of Australia, which shows that positive action has been taken throughout the state.
"Off the back of this work, Queensland is now well positioned to achieve the aim of having the best planning and development assessment system in the country in the coming years," explained Chris Mountford, the Property Council of Australia's executive director in Queensland, in a 4 June statement.
Queensland's reading on the scorecard back in 2012 was 5.8 out of ten. This latest edition ranks it at 6.8, making the state the biggest improver in the country over the three-year period.
However, the Property Council of Australia warns the industry not to become complacent. The good work that has already been achieved now needs to be built upon, which means continuing to address affordability and put policies in place that will support the construction sector.
Home building is already strong across the nation, as the Housing Industry Association (HIA) reveals that detached dwelling approvals hit a five-year high in April. Analysing official approvals data, the group explained that approvals were up 4.7 per cent in seasonally adjusted terms.
This offset some of the falls in multi-unit housing construction that were witnessed over the course of the month. The HIA noted that Tasmania was the only state or territory to have witnessed a rise in its overall dwelling approvals, while Queensland marked a 14.2 per cent decline. This made it the second-highest monthly reduction, behind New South Wales.
For help finding your next new property in Elimbah, get in touch with the team at Ray White Caboolture.