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HIA highlights Queensland property improvements

Queensland's property market is looking more positive, the HIA has claimed.

The Housing Industry Association (HIA) has highlighted a growing trend towards recovery in the Queensland property sector.

According to the organisation, building approvals across the state have seen a rise in recent months, meaning activity is increasing all the time in the construction sector.

HIA regional executive director for Queensland Warwick Temby said: "While the picture is still quite patchy across the State the overall levels of approvals are seven per cent up on the same period last year."

Mr Temby added that proximity to key resource development projects remains the main driver of growth in the state at present. Indeed, the Gladstone area is currently showing the strongest signs of recovery.

Earlier this month, the HIA welcomed news that the government is set to double the value of the First Home Owners Grant, claiming the move will be a "shot in the arm" for the Australian property sector.

Posted by Craig Francis

- HIA, property, Gladstone, construction

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