Construction has played an important role in the Australian economy for some time now, which is why policymakers can’t afford to undo the positive work that’s already been done. The Property Council of Australia has warned against bringing in any radical changes that could affect the sector, particularly as it seems to be performing well at the moment.
Not only do people need more real estate in Bentleigh to choose from, but also the jobs that are so closely linked with the construction industry.
The Australian Bureau of Statistics (ABS) released its quarterly construction data, which showed a 3.8 per cent rise in total building work in trend terms between the March quarters of 2015 and 2016. The value of engineering construction declined 16.7 per cent over the same period and non-residential building was down 4.4 per cent, leaving residential work to pick up the slack.
Compared to a year earlier, the value of residential construction work increased 8.7 per cent. In seasonally adjusted terms, the rise registered at 5.7 per cent.
According to the Property Council, tens of jobs are created every time a home is constructed here in Australia. This isn’t something that can be ignored, especially when some sections of the economy are in need of all the support they can get.
“Residential construction is one of the few bright spots in the economy,” said Glenn Byres, chief of policy and housing at the Property Council.
“Every home built creates 40 jobs – tradies, electricians, plumbers and other jobs dependent on strong housing markets.”
It doesn’t matter whether you want a new piece of real estate in Bentleigh or something with a little more character, the team at Ray White Carnegie is here to help. With extensive experience of the local market, we’re on hand to help every step of the way.
Melbourne’s rental market remains one of the most competitive and priciest in Australia, even as overall growth rates have softened in recent months. While some data shows quarterly changes easing or stabilising, rental levels are still significantly elevated compared to pre-pandemic norms — and many of the forces that drove … Read more
As the days grow shorter and the air turns crisp, fall is the perfect time to reset your home and prepare for the cooler months ahead. A little seasonal preparation not only keeps your space comfortable and efficient but also helps protect your home from wear and tear. Here’s how … Read more