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Rising housing approvals in Queensland highlight property potential in the state

By James Brown

Everyone dreams of building their own dream home, a paradise for them and their family to live in heading into the future. Well, now could be a great time to consider seeking out the right financing options and committing to building your own slice of Caboolture real estate – with the latest Australian Bureau of Statistics data highlighting the rising home approval figure across Australia.

Nationwide, dwelling approvals grew by 9.9 per cent during May. More specifically, Queensland underwent a huge increase of 45 per cent – highlighting the strengthening state market for property and indicating the rising potential of securing an approval for your own construction project. 

Housing Industry Association Economist Geordan Murray said these figures reinstate confidence in the nation's construction industry, especially with the impending population boom potentially putting pressure on property supplies. 

"The housing recovery, which was initially confined to New South Wales and Western Australia, appears to be gaining broader momentum. Approvals in the three months to May are markedly higher than the same time last year in all jurisdictions, ACT is the only exception," said Mr Murray in a July 3 statement. 

Now could be a great time to begin making moves into the Queensland real estate market. Look into the land lots available in Caboolture and pursue your own property goals today! 

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