Building Approvals: Sea Change v Tree Change

Building approvals driven by policy incentives would appear to have topped.

Building Approvals 0721 1

What we should be looking at here though is relativity to population from the pandemic beginning.

Building Approvals 0721 2

Numbers here are just houses so exclude units which have been minimal anyway except two previous high profile projects either defunct or marginally residential. Cairns Urban = Cairns North + Cairns South SA3. 2.5 persons per household was the median at the last 2016 census which included units rather than houses represented here.

Population is ABS estimated resident population at June 2020.

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