Building sector buoyant in certain locations
The Housing Industry Association (HIA) has found a connection between where the recovering of the building sector is at its strongest and geographical locations.
In Queensland, the property construction industry is experiencing its greatest growth in areas where the mining and resources sector is doing well.
The executive director of the HIA Warwick Temby said that this is good news for those areas of prosperity.
"Central Queensland and the Toowoomba regions have experienced double digit growth in home building over the last 12 months.
"This is overwhelmingly positive news for an industry that has struggled to climb out of a GFC-induced recession," he said.
The comparison for Mackay is stark with the three months to September in 2011, experiencing 350 dwelling approvals while in the same period of 2012, the number jumped to 754 which is a 115 per cent lift in go aheads.
Mr Temby said that the $15,000 grant for first home buyers has seen a greater level of inquiry and he expects that it will flow on through to new home orders in the coming months.
He says that through these grants and lower interest rates, 2013 should be a good year for commissioning new homes and purchasing of new real estate.