The value of building permit activity in Victoria was almost $6.7 billion for the first quarter of the 2011-12 financial year, an increase of six per cent on the same quarter last financial year, according to the Building Commission.
Deputy Building Commissioner, Neil Savery, said the Commission’s pulse data showed that the value of building permit activity in Victoria during the first quarter of the 2011-12 financial year was the highest first quarter on record.
“Significant increases in the value of residential, retail and industrial building permit activity contributed to the result, as did rises in the Hospital/Healthcare and Commercial categories,” Mr Savery said.
The value of building permit activity in the metropolitan region in the quarter was $5.3 billion, which is an increase of eight per cent when compared with the same quarter last year. In the same period, rural Victoria eased three per cent on the previous year to $1.3 billion.
By building use, building permit figures in the first quarter of the 2011-12 financial year compared to the first quarter of 2010-11 show:
- Domestic (houses) eased nine per cent to $3.3 billion
- Residential (including high rise) jumped 60 per cent to $1.3 billion
- Commercial increased 23 per cent $809 million
- Retail surged 74 per cent to $474 million
- Industrial rose 34 per cent to $109 million
- Hospital/healthcare increased 31 per cent to $152 million
- Public Buildings decreased 27 per cent to $581 million.
