“The HIA Trades Availability Index deteriorated further in the September 2021 quarter indicating that the industry is experiencing the most significant skills shortage since the inception of the Report in 2003,” stated HIA Economist, Angela Lillicrap.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 4.3 points to 57.6 in October, indicating a strong pace of recovery following the sharp fall in August due to COVID-19 restrictions (readings above 50 indicate expansion in activity, with…
“The cost of residential land has risen more than twice as fast as the cost of building materials over the past year,” said HIA Chief Economist, Tim Reardon.
The Victorian Government is getting on with delivering the state’s biggest ever social housing build and calling on all community housing agencies to put forward proposals for new social housing in regional Victoria.