More women will enter Victoria’s construction industry thanks to the Victorian Government’s world-leading policy to improve gender equality in the building, infrastructure and civil engineering sectors.
“Demand for new detached and multi-unit housing has remained strong, suggesting that the current boom in home building will be sustained throughout 2022,” stated HIA Chief Economist, Tim Reardon.
“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.
“The reopening of renovations in occupied homes ahead of schedule will provide a much needed boost to the residential building industry and help many families who have been waiting for their home renovations projects to either commence or resume,” said HIA’s Victorian Executive Director, Fiona…
“Today’s (October 13 2021) data from the Australian Bureau of Statistics confirms the size of the HomeBuilder boom, with more detached house commencements than in any previous quarter or year on record,” stated HIA Economist Tom Devitt.
The NSW Government is ramping up its commitment to restoring consumer confidence in the residential building industry with an investment in defect rectification, as new research finds despite 39% of new strata buildings having serious defects, only 15% are reported to NSW Fair Trading.
This year marks Australia’s plasterboard pioneer, CSR Gyprock, 50th anniversary of Western Australian manufacturing, cementing its place at the forefront of the Australian building market.
The decision by the Victorian Government to shutdown all building sites in Melbourne and certain municipalities for the next two weeks is both disappointing and challenging for the residential building industry.