RESIDENTIAL PROPERTY
AUSTRALIA needs an additional 83,000 tradies to meet the ambitious National Housing Accord target of delivering 1.2 million homes over the next five years, according to the...
The organisation’s latest HIA Trades Availability Index showed moderation to a reading of -0.49 – an improvement on the -0.58 reading in the previous quarter, and the best...
I think it’s a target that we should all be working to achieve. Based on the capacity of the industry at the moment, it will be a huge stretch to be able to achieve that...
But if we’re to see housing affordability improve and to see sustained increase in the supply that meets the needs of the community, we need to be aiming to be able to achieve that ...
Data from the National Centre for Vocational Education and Research showed building and construction apprenticeship numbers have plummeted by...
Labour shortages have constrained the ability of the industry to complete the significant pipeline of work taken on during the pandemic, HIA said, which saw a peak of around...
Despite the easing in the depth of the skills shortage, shortages remain more acute than before the pandemic. There is an ongoing constraint on home building across all...
An improved availability of workers is more evident in NSW and Victoria. The HIA Trades Availability Index in the June quarter sat at -0.23 in Sydney and -0.39 in Melbourne...
The regional areas of NSW (-0.47), Victoria (-0.40) and Queensland (-0.34) also saw more modest shortages compared to those of South Australia (-1.02) and...
Ongoing cost pressures
The price of skilled trades increased by 5.5% in FY24, significantly elevated from the 2.0% annual increase pre-COVID, even after having moderated from the 9.5% observed in...
The extent of trade shortages varied across the various occupations. The most acute shortages of skilled labour exist for bricklaying (-0.94), ceramic tiling (-0.83), roofing...
The report noted that even as home building pipelines shrink further, there are still significant pipelines of public infrastructure, mining and other non-residential construction...
Where those shortages are most acute, and the competition for the labourers is most acute, that’s what’s going to be the source of delays. If we can’t access those trades...
General building (4.9%) led the quarterly growth, followed by roofing (3.4%), plumbing (3.2%) and plastering (2.8%)...
In annual terms, larger rises were also seen in plumbing (8.0%), other trades (7.1%), painting (7.1%) and general building (6.8%).