Queensland's construction industry continues to feel the impact of Labor's anti-development policies, with building approvals across the state falling for the 12th consecutive month.
Shadow Treasurer Scott Emerson said the building approvals trend rate fell 6.8 per cent in January under the stewardship of the Palaszczuk Government.
“Building approvals in Queensland have fallen off a cliff in the past year, decreasing 38 per cent since January 2016.
“It’s been a year since Queensland has seen any increase in the rate of building approvals, which shows the lack of confidence the construction industry has in this do-nothing Labor government.
“The Palaszczuk Government is seen as the worst performing government in Australia by this sector and the building approval rate continues to plummet.
“These figures highlight how Labor’s decision to increase property taxes continues has shattered confidence in Queensland's construction industry.
“Private infrastructure investment fell by $4.7 billion last year in Queensland, while business investment continues to go backwards because of a lack of confidence in the Palaszczuk Government.
“Nothing is getting built, even government infrastructure spending is declining, with further falls on the cards after the Palaszczuk Government cut $3 billion out of the capital program.”
