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Gold Coast CityCommunity profile

Ormeau (West) - Yatala

Residential building approvals

In Ormeau (West) - Yatala there were 3,243 residential dwellings approved to be built in the financial year 2023-24 FYTD (January).

Gold Coast City's building approvals are used as a leading indicator of the general level of residential development, economic activity, employment and investment. Residential building activity depends on many factors that vary with the state of the economy including interest rates, availability of mortgage funds, government spending, and business investment.  Large financial changes or shocks, such as the Global Financial Crisis of 2008/09 can be observed in the data.  However, the number of building approvals can fluctuate substantially from year to year simply as a result of the short-term nature of many construction projects, and the cyclical nature of the industry.

Residential building approvals
Gold Coast CityNumberAnnual change
Year (ending June 30)HousesOtherTotalHousesOtherTotal
2023-24 FYTD (January)5452,6983,243------
2022-231,0954,8135,908-404+722+318
2021-221,4994,0915,590-319+693+374
2020-211,8183,3985,216+37+700+737
2019-201,7812,6984,479-573+40-533
2018-192,3542,6585,012-313-781-1,094
2017-182,6673,4396,106-886+101-785
2016-173,5533,3386,891-167-1,314-1,481
2015-163,7204,6528,372+1,406+2,021+3,427
2014-152,3142,6314,945+509+45+554
2013-141,8052,5864,391+540+1,341+1,881
2012-131,2651,2452,510-69+305+236
2011-121,3349402,274-129-257-386
2010-111,4631,1972,660-855-66-921
2009-102,3181,2633,581+533-1,343-810
2008-091,7852,6064,391-1,529-1,009-2,538
2007-083,3143,6156,929-629+563-66
2006-073,9433,0526,995+3,305+1,096+4,401
2005-066381,9562,594-15+84+69
2004-056531,8722,525-327-1,071-1,398
2003-049802,9433,923-401-185-586
2002-031,3813,1284,509-532+1,609+1,077
2001-021,9131,5193,432------
Source: Australian Bureau of Statistics, Building Approvals, Australia (8731.0). Compiled and presented in profile.id by .id (informed decisions)
Please refer to specific data notes for more information

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