Residential growth remains high
Albury continues to grow at a strong rate in residential areas, according to our new development statistics.
Building permits (Construction Certificates and Complying Development Certificates) in 2014-15:
AlburyCity issued 1042 residential building permits during 2014-15, which was an increase of 16 per cent on the previous year (899 issued in 2013-14).
The value of these developments was $205 million, which was an increase of 16 per cent on the previous year ($176 million in 2013-14).
In 2014-15, AlburyCity issued 478 building permits for 344 new dwellings and 134 dual occupancy or multiple units.
That's a 17 per cent increase on building permits for 2013-14 when AlburyCity issued 409. Of those permits, 311 were for new houses and 98 for dual occupancy or units.
And more Albury residents are extending and renovating their homes with 487 such building permits issued in 2014-15 for such building work – up 25 per cent on the previous year (389 in 2013-14).
Development applications in 2014-15:
While construction certificates and complying development certificates represent works that are ready to start and begin building, development applications are applications for construction work that may or may not proceed.
In 2014-15, AlburyCity had:
- 1191 development applications in total, valued at more than $220 million. This was an increase of 9 per cent from 2013-14 (1093 applications and valued at $218m).
- 221 development applications for dwellings, valued at more than $64 million. This was a drop of 1.7 per cent from 2013-14 (225 and a value of $65 million).
- 176 development applications for new units and second dwellings, valued at more than $37 million. This was an increase of 134 per cent from 2013-14 (75 and $15 million).
Chair of AlburyCity's Planning and Development Committee, Daryl Betteridge, said the construction figures for the 2014-15 financial year reflected the significant growth occurring in residential and commercial development in Albury.
"It's great to see there has been another strong year for development across Albury because it's a great place to live and to do business," Cr Betteridge said.
"It's important to note that there have also been some significant developments approved, including a $4.12 million warehouse for Bluescope Steel in Thurgoona and $3.95 million in works at the SS&A Club."
"It's particularly interesting that there was a 134 per cent increase in development applications for new units or second dwelling on a property. That shows strong demand among residents for more variety in their housing, especially smaller places to live."