Building approvals jump!

auslankan · September 2nd, 2007, 06:09 AM

Wow and who said Vic isnt powering along nicely?http://www.news.com.au/heraldsun/sto...88-661,00.html

Victoria registers record building activity

Sunday Herald Sun

September 02, 2007 12:00am

VICTORIA has recorded its highest month on record for building activity, the State Government says.

The total value for building permits issued in July was $1.9 billion - a 37.9 per cent increase on the same month last year, Victorian Planning Minister Justin Madden said.

"This is a great start to the new financial year," Mr Madden said.

"It is good news for Victoria and it is a sign of the robust condition of the building industry and of Victoria's economy more broadly."

More than 80 per cent of permits issued were in Melbourne.

Permits in regional Victoria totalled $365 million in value for the month.

"This is a growth of 14 per cent for regional Victoria on July 2006," Mr Madden said.

The building permit figures show houses, high-rise residential, commercial, healthcare and industrial approvals all grew, compared to July 2006, Mr Madden said.

However, retail and public buildings both dipped, he said.

Building Commissioner Tony Arnel said the figures showed almost a 21 per cent increase on the previous highest amount for building permits, which was $1.6 billion in June 2005.

Mr Arnel said figures for the 2007 calendar year to date were tracking at 6.4 per cent higher than at this time last year.

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Edward · September 2nd, 2007, 08:52 AM

Quote:

Originally Posted by auslankan

Wow and who said Vic isnt powering along nicely?

Annyone who lives in brisbane!

nah, we're doing VERY well at the moment!

mic · September 2nd, 2007, 08:58 AM

Great news...Victoria seems to be doing well.

September 2nd, 2007, 06:09 AM	#1
auslankan Registered User Join Date: Jun 2005 Posts: 1,788 Likes (Received): 0	Building approvals jump! Wow and who said Vic isnt powering along nicely?http://www.news.com.au/heraldsun/sto...88-661,00.html Victoria registers record building activity Sunday Herald Sun September 02, 2007 12:00am VICTORIA has recorded its highest month on record for building activity, the State Government says. The total value for building permits issued in July was $1.9 billion - a 37.9 per cent increase on the same month last year, Victorian Planning Minister Justin Madden said. "This is a great start to the new financial year," Mr Madden said. "It is good news for Victoria and it is a sign of the robust condition of the building industry and of Victoria's economy more broadly." More than 80 per cent of permits issued were in Melbourne. Permits in regional Victoria totalled $365 million in value for the month. "This is a growth of 14 per cent for regional Victoria on July 2006," Mr Madden said. The building permit figures show houses, high-rise residential, commercial, healthcare and industrial approvals all grew, compared to July 2006, Mr Madden said. However, retail and public buildings both dipped, he said. Building Commissioner Tony Arnel said the figures showed almost a 21 per cent increase on the previous highest amount for building permits, which was $1.6 billion in June 2005. Mr Arnel said figures for the 2007 calendar year to date were tracking at 6.4 per cent higher than at this time last year. -

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September 2nd, 2007, 08:58 AM	#3
mic Registered User Join Date: Jun 2004 Location: Me!bourne Posts: 1,764 Likes (Received): 21	Great news...Victoria seems to be doing well.