“The building industry is continuing to attract workers from across the economy as it experiences the most significant skill shortage since 2004,” stated HIA Economist, Angela Lillicrap.
The property industry has commended the Federal Government on the continued strong management of Australia’s remarkable economic recovery, but flagged that population growth was clearly the biggest constraint on recovery.
“From an industry perspective, the Government’s second budget in a year locks in the recovery from recession and shifts gears from emergency measures to investing in the economy for the longer term,” Innes Willox, Chief Executive of the national employer association Ai Group said.
The Australian Constructors Association (ACA) welcomes the 2021-22 Federal Budget which affirms the critical role of the construction industry in rebuilding the Australian economy.
Properties in Katherine North will be better protected from flooding as the Territory Government releases the first stage of tender for the construction of the flood mitigation embankment and wall levees.