Record year for building work in Victoria – 112,900 permits valued at $36 billion
The value and number of building permits reported to the Victoria Building Authority (VBA) in 2017 was at record levels, with a total of 112,882 permits issued for work valued at $35.8 billion.
At $35.8 billion, the value of building permits was 11.7 per cent or $3.8 billion above last year’s record total of $32.0 billion. It means that in the past decade, the value of building permits in Victoria has doubled from $18 billion reported in 2007.
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