Queensland Premier Campbell Newman observes that the booming
construction industry is positively impacting the Queensland economy.
According to Mr Newman, key initiatives taken by the Government have
kick started the construction industry again with the latest market reports
indicating that Queenslanders are benefitting from the thriving sector through
employment generation and more opportunities to invest in property.
Brisbane now has 33 per cent more cranes on its skylines than it did
late last year, with 48 cranes currently on sites around the city. Mr Newman
sees the number as a fantastic indicator of the confidence in the industry and
the number of jobs being created. Around 223,000 Queenslanders are employed in
the construction industry; at current growth trends, many more jobs are
expected to be created in this sector.
Mr Newman said the Queensland Government has implemented a raft of measures
in the past two years to get the construction sector moving including carrying
out reforms to planning and development approval systems, and providing
incentives such as the $15,000 Great Start Grant, which are all showing
Master Builders’ Executive Director Grant Galvin said the industry’s
confidence was reflected in total building approvals, which had risen around 25
per cent over the past 12 months to June. About 42.5 per cent of approvals in
the last 12 months were for multi-unit dwellings, mainly in Brisbane and the
Gold Coast. The industry is also on target to exceed the 40,000 dwelling
commencements forecast for 2014–15 with total building approvals for the
2013–14 financial year well above 37,000.