Builders cautious about surge in building approvals
Building approvals in July increased by 11.3% Master Builders Australia has reported.
Master Builders Australia CEO, Wilhelm Harnisch, said “while the jump in the July 2016 building approvals are welcome, caution needs to be exercised in interpreting the headline ‘surge’ in building approval numbers.”
“It does not mean that the industry is on the cusp of another boom because the approvals will not necessarily translate into actual building activity over the next 3-12 months,” he said.
Article reported on the Master Builders Australia website on 30 August 2016.