Building Approvals continue to skyrocket in Tasmania
- 09 Jan, 2019
Roger Jaensch, Acting Minister for Building and Construction
The Australian Bureau of Statistics today confirmed that the extraordinary momentum in Tasmania’s building and construction sector is continuing.
The latest data from the ABS shows that the number of dwelling approvals in Tasmania for the November 2018 quarter was 14 per cent above the level of a year ago, in contrast to double-digit declines in most other jurisdictions and nationally.
The total value of building work approved in Tasmania also increased by 39 per cent over the year to November 2018.
This strong annual growth in the value of building approvals was felt across both the residential and non-residential sectors (up 19.4 per cent and 68.6 per cent respectively).
The private sector is leading the charge, recording a 50 per cent increase in the value of building jobs approved over the past year.
Importantly, the results equate to an average of 256 dwelling approvals per month in Tasmania over the past year, which is over 50 per cent higher than the average number of monthly approvals in the last year of the Labor-Green Government.
In addition to the strong growth recorded in trend terms for November 2018, Tasmania recorded the highest number of monthly approvals in a decade with 369 approvals.
The Hodgman Liberal Government will continue to support growth in the building and construction industry, because we understand it means more jobs and opportunities for Tasmanians.