Cradle Coast RegionEconomic profile
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Murchison - Burnie Economic Region

Building approvals

The value of building approvals in Murchison - Burnie Economic Region was $53m in the 2018-19 Jun FYTD financial year.

This dataset shows the total assessed value of building approvals for construction in Cradle Coast Region by financial year in millions of dollars. The dataset is updated monthly to include the current financial year to date, and includes residential and non-residential building approvals separately. The percentage of the state total is shown.

Building approvals for an area can be highly variable over time, particularly in the non-residential sector. Construction may take several years from the date of approval. A high rate of building approvals can indicate a growth area with a construction-led economy. A low rate of building approvals may indicate a settled area with established infrastructure, or an area with little growth. Note that this dataset is not adjusted for inflation.

Value of total building approvals
Value of total building approvals NonResidential: $19,068 Residential: $34,333 NonResidential: $32,032 Residential: $42,725 NonResidential: $33,565 Residential: $38,789 NonResidential: $40,860 Residential: $45,017 NonResidential: $38,214 Residential: $35,534 NonResidential: $30,411 Residential: $36,327 NonResidential: $84,359 Residential: $39,882
Source: Australian Bureau of Statistics, Building Approvals, Australia, catalogue number 8731.0. Compiled and presented in economy.id by .id the population experts
Value of total building approvals
Murchison - Burnie Economic RegionTasmania
Financial yearResidential $('000)Non-residential $('000)Total $('000)Residential $('000)Non-residential $('000)Total $('000)Murchison - Burnie Economic Region as a % of Tasmania
2018-19 Jun FYTD34,33319,06853,401993,805708,1811,701,9863.14%
2017-1842,72532,03274,757852,586676,2071,528,7934.89%
2016-1738,78933,56572,353680,121488,1071,168,2286.19%
2015-1645,01740,86085,877719,107557,0231,276,1306.73%
2014-1535,53438,21473,747583,038685,0251,268,0635.82%
2013-1436,32730,41166,738582,624682,8401,265,4645.27%
2012-1339,88284,359124,240507,715427,389935,10413.29%

Source: Australian Bureau of Statistics, Building Approvals, Australia, catalogue number 8731.0. Compiled and presented in economy.id by .id The population experts

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