Rocky home owners waiting to pounce once major project approved

South Gladstone for Real Estate.
South Gladstone for Real Estate. Mike Richards GLA120117RESG

CENTRAL Queensland's latest housing approval figures from the Australian Bureau of Statistics have been described as "steady as she goes".

Master Builders regional manager for Central Queensland, Dennis Bryant said the latest statistics were not overly exciting or down the doldrums, they were moving along as expected.

"Approvals are what goes through council for future construction, we take them as an indicator of how the economy is going," Mr Bryant said.

For the past 12-month period to February (2016/2017), Mr Bryant said that house (detached dwellings) approvals were down 6% overall with 528 approvals, compared to 562 in the previous 12 months (2015/2016).

In the past year to February 2017, 99 multi-unit approvals were granted compared to the previous year's 74 - which is a 33.8 per cent increase in approvals.

When these statistics are combined, there is a slight overall drop of 1.4% in approvals for the past 12 months.

"I think it comes down to confidence in putting money into housing and that's generally caused by the fact that the local economy has slowed down, employment prospects don't look as good as they may have been," he said.

"We're still coming out of this idea that the coal industry is slowing down.

"You get conflicting reports.

"One coal mine opening up and another one closing is putting people off so people see that and think, 'is this a good time to put my money into a house, I might be out of a job tomorrow?'"

Mr Bryant said statistics reflected a holding pattern as people waited for a major project announcement to boost confidence and kick start the economy.

These sentiments were echoed by director of Affordable Quality Homes, Scott Kilpatrick.

"My belief is the community of Central Queensland is waiting for a positive announcement with regards to one of the major projects such as Adani, Great Keppel Island, Mount Morgan mine, any of these number of projects that we're being told are being discussed, we're waiting on the confidence to come back with regards to some these issues," Mr Kilpatrick. said.

In addition to urging decisive action from the politicians, both men lamented the significant obstacles created by red tape and banks which often placed ridiculous restrictions in the way of people looking for funding to buy property.

Topics:  council housing property rockhampton rockhampton regional council

GALLERY: Rocky's party people pack the clubs and pubs

L-R Nate Newman, Josh Hennig, Renee Harrison, Kirsten Doyle and Lindsey Hornagold at Zodiac Nightclub.

All the action from Rocky's pubs and clubs over the weekend.

He's 93, has dementia and makes love with a sex worker

People with dementia can experience massive changes in their libidos.

Meet the escort who helps men with dementia enjoy sex

Rocky council's $125K splash for new environment role

Division 6 councillor Drew Wickerson was driven by his own passion for the environment in pushing for council to create a $125K position.

Councillor pushes for big move to fill a de-amalgamation void

Local Partners

St Ursula's College students win with the power of words

The students debated their way to victory in the Rockhampton District Secondary School Debating Competition Grand Final this week.

Get Set for Summer

Win One of Ten Prize Packs
Learn More

Machine Gun Preacher heading to Rocky to give Hope

SAVING LIVES: Sam Childers, aka the Machine Gun Preacher, at Angels of East Africa's orphanage in Nimule, South Sudan.

Former bad boy biker turned preacher and humanitarian on road

What's on this weekend in Rockhampton and the Cap Coast

Head trackside this weekend for the Yeppoon Races at Keppel Park.

We've got the gossip of what's happening this weekend.

The world's best in things that roll embark on Rocky

AUSTRALIAN FIRST: Colin Cole from CQUniversity with Sebastian Stichell from KTH Royal Institute of Technology in Sweden at the 25th International Symposium on Dynamics of Vehicles on Roads and Tracks.

International symposium held in Australia for the first time

RECAP: Game of Thrones s7 e6 - Beyond the Wall

*Warning this story contains spoilers about today's new episode*

Paul Kelly announces massive Australian tour

Paul Kelly is going on a 16-date national tour in November.

Music legend thrills fans with the announcement of a massive tour.

Truth behind Whitney Houston’s ‘fairytale’ life

Documentary reveals the 'truth' behind Whitney Houston's life.

IT MIGHT be the greatest myth in modern pop music.

Survivor twist bound to shock

Sunshine Coast mum-of-three Tara Pitt.

TARA Pitt benefited from a shock twist on Australian Survivor.

The Block goes back to school with gorgeous kids rooms

Ronnie and Georgia's winning kids bedroom in a scene from The Block.

ONE magical bedroom received the first perfect score of the season.

What's on the small screen this week

Rob Collins and Jessica Marais in a scene from season two of The Wrong Girl.

JESSICA Marais returns in The Wrong Girl.

Playing Tom Cruise's wife was a dream for Sarah Wright

Tom Cruise and Sarah Wright in American Made.

The actress stars opposite Cruise in the action comedy

Investors quick to snap up property in key growth corridor

High-profile commercial site sells at auction for $4.920m

Rocky in top-10 fastest growing areas for residential units

CBD FRAMEWORK: Artist impression of the $14 million combined residential and commercial high-rise on the corner of William and Bolsover streets, Rockhampton.

Development approvals align with bold inner-city living vision

EXPLAINED: What the 'Costco effect' means for Ipswich

PRICE WARS: A Costco store similar to this one in Canberra, is planned for Ipswich.

Exclusive 'cult' about to change how families do grocery shopping

4800 homes to be built in massive new Coast estate

Masterplanned community full steam ahead - it's not Caloundra South