VBA reports record $25b building permit activity in first operational year
Wednesday, 15 October 2014
The Victorian Building Authority’s (VBA) 2013-14 Annual Report was tabled in Victorian Parliament on 14 October 2014 and shows that the value of building permits reported reached a record $25.3 billion.
The annual report reveals that building permit activity in 2013-14 was 12 per cent higher than the $22.5 billion in 2012-13 and four per cent above the previous record of $24.3 billion in 2010-11. It also shows an eight per cent increase in the number of permits reported; 101,349 compared with 93,881 in 2012-13.
Created on 1 July 2013 as the successor to the Building Commission and the Plumbing Industry Commission, the VBA also reported that in 2013-14, compared with 2012-13:
- 320,936 Plumbing Compliance Certificates were lodged (318,469)
- There were 21,186 registered building practitioners (20,877)
- There were 25,688 registered and licensed plumbers (25,294)
VBA Chief Commissioner William Kusznirczuk said increases in these areas, as well as certificates of consent for owner-builders, which together fund the VBA, reflected the growth in the building and plumbing industries in Victoria.
“Along with a more efficient business model under CEO Prue Digby, and strong direction from the Board, the Authority reported a surplus of $4.7 million,” said Chief Commissioner Kusznirczuk.