Building approvals continue downward spiral

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Business & Economy Political Property & Real Estate Queensland Government

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For the 11th consecutive month, the Palaszczuk Labor Government has overseen a fall in building approvals.

New data from the Australian Bureau of Statistics revealed a staggering drop of 30 percent in 2018.

The number of approvals for dwelling units dropped from 3735 to 2601 during that time.

Shadow Treasurer Tim Mander said fewer building approvals equals less building construction and that means fewer jobs.

"Today's figures aren't a surprise," Mr Mander said.

"Thanks to Premier Annastacia Palaszczuk, who slugged Queenslanders with five new taxes, we can expect things to get a whole lot worse.

"Less building approvals - equals less construction - equals less jobs for the 165,000 Queenslanders currently in the unemployment queue.

"Labor has lost control of the state economy, and it is putting Queensland jobs at risk."

 
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