The NSW Treasurer Gladys Berejiklian has welcomed the recent ABS figures which showed NSW residential building approvals rising 6.9 per cent in March 2016 – well above the national average of 3.7 per cent.
In the Northern Rivers the local residential construction industry has had an increase in total revenue of $28 million for residential and non-residential construction, and $5.5 million in value added from November 2015 to April 2016. Construction services also gained over $14 million in revenue and $15 million in value added over the period.
The Northern Rivers construction industry continues to have a high local expenditure, over $430 million in the November 2015 to April 2016 period, providing a positive flow-on effect for the local economy.
