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Tasmanian Building Figures Remain Strong

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Tasmanian Building Figures Remain Strong

January 2007

Acting Treasurer David Bartlett has said the latest ABS figures on building approvals show confidence in the Tasmanian economy remains robust.

The number of dwelling approvals in Tasmania increased by 0.4 per cent in the month of November 2006 (in trend terms) and was 5.6 per cent higher in the year.

This contrasts favourably with the Australia-wide result, which showed the number of dwelling approvals fell by 1.2 per cent in the month, to be down by 3.4 per cent in the year.

“This is a clear indication that there is continued confidence in the Tasmanian economy,” said Mr Bartlett.

“With $2 billion worth of investment in the pipeline, the Government is confident about future economic growth in Tasmania.”

ANZ jobs ads data was also released today which showed the trend number of newspaper job advertisements fell by 1.7 per cent in December.

“The ANZ Job Advertisement data has to be viewed with some caution as the series is based on a survey of major newspapers.

“Today, more and more employers are moving their job advertising away from papers and onto the internet,” Mr Bartlett said.

“Once again, it is telling that today's media release by the Liberal Party only focuses on the ANZ Jobs data.

“The Liberals refuse to acknowledge the positive building approvals data and continue to relentlessly talk down the Tasmanian economy.”

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