The value of building approvals in Murchison - Burnie Economic Region was $70m in the 2019-20 Apr FYTD financial year.
This dataset shows the total assessed value of building approvals for construction in Murchison - Burnie Economic 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|
|Murchison - Burnie Economic Region||Tasmania|
|Financial year||Residential $('000')||Non-residential $('000')||Total $('000')||Residential $('000')||Non-residential $('000')||Total $('000')||Murchison - Burnie Economic Region as a % of Tasmania|
|2019-20 Apr FYTD||35,871||34,153||70,024||863,511||420,106||1,283,616||5.5%|
Please refer to specific data notes for more information