Quarterly Report Points To Painfully Slow Recovery

Quarterly Report Points To Painfully Slow Recovery

construc_overviewUpon analysis of the UDIA’s quarterly report, ADC reiterates the necessity for urgent local and state government action to enable a recovery within the construction and development sectors.

Quarterly Report Points to Painfully Slow Recovery

A further 7,357 full –time construction jobs were lost in the August quarter, bringing the total dropped from the sector in the last six months to 11,627.

This is one of the headline findings from UDIA (Qld)’s quarterly ‘Development & Construction Industry Performance Report’, which was released yesterday.

Along with the 3.7% decline in full-time employment, the report does show a small improvement in dwelling approvals of 4.4% in the three months to July.

UDIA is calling on the Queensland Government to assess the impact of the Building Boost, once this data is available, and take action to ensure greater take-up or provide further assistance if necessary.

The Institute has also called for a commitment from both sides of Government, and from Local Government, that no more taxes and charges will be imposed on the industry for 3 years, to enable the sector to fully recover.

Brian Stewart