OVER the past 12 months, the Greater Shepparton region has seen a boost of building permits for new dwellings issued, with the month of July alone seeing an additional $4M in permits issued when compared with the year before, and there has been an additional $30M in new dwelling permits issued comparing the 2016/2017 and 2017/2018 years.
In July 2017, 20 building permits were issued for new dwellings coming to an estimated cost of $5.683M but in July 2018, 28 permits were issued coming to an estimated cost of $9.610M.
But it hasn’t just been the residential sector that has witnessed a boost, with 2017 seeing two new commercial permits issued in July 2017, which has jumped by an additional two in July 2018.
What’s even more impressive is comparing the periods from July 1 to June in the 2016/2017 and 2017/2018 years, which shows a jump of almost $30M. In the 2016/2017 period a total of 258 new dwelling permits were issued coming to an estimated cost of $77.870M and in the 2017/2018 year a total of 354 new dwelling permits were issued, coming to an estimated total cost of $106.026M.