Posted November 08, 2018 07:58:33 When the boom in construction starts to fade, it could be as early as 2019.
Construction projects are set to begin in Queensland’s Sunshine Coast in 2019, a new report has found.
Queensland’s state government announced a new scheme to help boost construction, with the state and territory government expecting to see construction in the region double to over $50 billion by 2022.
Queensland Treasurer Joe Hockey said the government had seen an explosion in demand from the construction industry.
“This is a real and significant boom in the construction sector,” Mr Hockey told ABC radio.
A report by Australian Bankers Association and CBA, released last month, said Queensland’s economy was set to contract for the first time since 2008, as a result of a global downturn and a reduction in state and federal government spending. “
We’re not going to wait for 2020.”
A report by Australian Bankers Association and CBA, released last month, said Queensland’s economy was set to contract for the first time since 2008, as a result of a global downturn and a reduction in state and federal government spending.
“The construction sector is in a pretty precarious position,” the report said.
“In the absence of federal or state support, the current downturn has seen the construction market fall by almost 50 per cent since 2014.”
This has resulted in an extremely vulnerable construction industry with the ability to absorb only a small portion of the economic impact, with potential long-term repercussions.
The report also found that Queensland’s unemployment rate had dropped from 5.3 per cent in April 2017 to 5.2 per cent last month. “
I think we’re committed to our citizens,” he said.
The report also found that Queensland’s unemployment rate had dropped from 5.3 per cent in April 2017 to 5.2 per cent last month.
“It’s quite possible that we could see a significant increase in Queenslanders’ employment, especially in areas like the tourism and recreation industries,” the authors said.
Queensland will see more construction jobs by 2022 A new report by the Queensland government’s Bureau of Statistics found Queensland’s construction sector would see an explosion of construction jobs in 2019.
“As the economy continues to recover from the global economic downturn, demand for construction work will increase, with Queensland becoming the first state in Australia to experience a significant expansion of construction work,” the bureau’s chief economist Andrew Gough said.
Mr Hockey welcomed the boost in demand for projects.
“What we’re seeing is a lot of people looking to get involved in the industry and I think that’s a good thing,” he told ABC Radio.
“That is good news for Queenslanders.”
Mr Gough noted that the bureau expected the Sunshine and Gold Coast region to see the greatest growth in construction jobs, with a further rise in the Central Coast and the Sunshine coast.
“There are going to be a lot more projects here,” he added.
Queensland Premier Annastacia Palaszczuk said the new scheme would see more Queenslanders involved in building projects.
Ms Palaszyczuk’s government will increase funding for Queensland’s new Construction Training Partnership, which is set to commence in 2019 and will provide support to the industry.
Queensland and federal governments announced a $25 million package to help Queensland’s industries.
“Queenslanders are going into this job market with a lot to prove,” Ms Palaseszczu said.
Photo: Alex Ellinghausen “This government is committed to helping Queenslanders succeed and prosper.”
Construction industry will get a boost with more construction workers in Queensland The Queensland government will provide $25 billion in funding to support the construction workforce over the next five years.
“Construction is a good place to start a career in Queensland,” Queensland Premier Anna Bligh said.
Ms Bligh has promised to double the number of construction workers to 40,000 by 2022, up from current levels of about 3,000.
Queensland is also aiming to triple its construction workforce from 20,000 in 2022 to 100,000 people in 2022.
Construction boom: Queensland government says Queensland will grow by 5 per cent over next five-year period The Queensland Government is boosting investment in construction to help support its booming construction industry over the coming years.
It will invest $25.4 billion over the course of the next four years in the state to create 5,000 construction jobs and to boost training for people who want to be involved in construction.
Queensland has also committed $10 million to the construction apprenticeship program, which aims to increase the number and skills of construction apprentices in Queensland.
“These investments will ensure Queensland has a skilled workforce in the future and in the coming decades,” Ms Blough said in a statement.
“More and more Queenslandans are choosing to enter the construction job market and will help our state grow, thrive and prosper for years to come.”
Construction projects set to double in Queensland in 2019 Queensland’s total construction industry is set for a record $47 billion over a five- year period, which the Queensland Government expects to triple.
Construction firms are set on building projects in Queensland for the 2020s, with more than 400,000 jobs expected to