Mid-year Sunshine Coast construction values up $114 million

Mid-year Sunshine Coast construction values up $114 million

The latest construction value figures show that development is booming on the Sunshine Coast.

During the October to December 2015 quarter, the Sunshine Coast recorded its highest construction for a December quarter since 2011. These figures, combined with those of the previous quarter, registered an additional $114 million in construction value compared to the same six months of the previous year.

A total of $336 million of building approvals were received and $234 million of new dwellings and new units were approved during the October to December 2015 quarter.

Two major projects with reported construction values of at least $20 million included an aged care facility in Birtinya, with a construction value of $22 million, and 22 units in Mooloolaba, with a construction value of $20 million.

Mayor Mark Jamieson said the continuing growth across the region was encouraging.

“Recording a 21% increase in building approvals, and a 34% increase in the construction value of new dwellings in the October to December 2015 quarter, is impressive in itself, but when you combine these results with those of the previous quarter and see the $114 million increase in construction activity, compared to the same period last year, the figures are very reassuring for the future of our region.”

Related posts