Ballina gets big tick of approval on future economy growth

BALLINA is on track to have its third consecutive year of high-value development application approvals, expected to continue a strong local economy.

Last financial year the council saw the value of approved DAs reach more than $140 million, more than double the value in 2012/13.

From 2012/13 to 2013/14, the value jumped from $68,000,000 to $102,831,430.

A third of the way into this financial year, the council is on track to reach a similar target.

Ballina council development and environment health manager Rod Willis said the sustained trend was good news for local jobs and businesses.

"For Ballina shire it means there's been a substantial increase, particularly in domestic residential construction, of over 100% in two years," he said.

"And that has a great significance for the employment of local tradespeople in particular, but also the flow-on economic benefits to lots of other businesses within the shire."

Mr Willis said the figures included significant developments like the multi-million dollar Reside apartment complex on the corner of River St and Kerr St.

The majority of this financial year's $25,304,100 in approved DAs are for domestic residential construction.

Mr Willis said as well as new home constructions, there's also been a substantial amount of renovations, alterations and additions to existing homes.

So far this financial year, Ballina Council has approved 206 development applications.

In 2014/15 they approved 676, which included one public infrastructure works, and in 2013/14, 613 development applications were approved.

Across the state, housing approvals are at a record-breaking high.

Figures from the Australian Bureau of Statistics (ABS) show nearly 64,000 homes were approved in the 12 months to September, the highest in almost 42 years.

This is an increase of 25% on the same period last year.



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