Labor’s Buy Australian Plan proposes to grow small to mid-sized Australian construction businesses through changes to government buying practices to “maximise opportunities for Aussie businesses in major infrastructure projects,” but the plan fails to recognise that these projects are already largely built by Australian contractors and Australian workers supported by Australian suppliers.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) improved by 14.9 points to 53.3 in September, indicating a return to modest expansion in activity across the construction sector (readings above 50 indicate expansion in activity, with higher results indicating a stronger pace of expansion).
“The strength in New Home Sales in recent months indicates that the boom in detached home building will continue to create strong employment opportunities into the second half of 2022,” stated HIA Economist Tom Devitt.
With a major source of transmission in Victoria’s latest outbreak now linked to construction sites, a massive compliance blitz is starting to ensure the sector remains open and COVIDSafe.
The residential building industry has welcomed the news that they will be back to work on 10 September 2021, however, has warned that it is essential that the lockdown does not go beyond this date.
“New Home Sales fell by 20.5 per cent in July, with declines experienced in almost all major states,” stated HIA Economist Tom Devitt.
Site establishment works have commenced for the construction of the new Murrabrine Bridge on Wandella Road at Cobargo, with major works set to begin in mid-August.
“The number of land sales in the March 2021 quarter declined by 31.2 per cent compared to the previous quarter, to be 42.5 per cent lower than the previous peak in the September 2020 quarter,” said HIA Economist, Angela Lillicrap.
Construction industry leaders have now set their sights firmly on supporting the supply chain and gearing the industry up for the reopening of construction sites.
“The number of new houses that commenced construction in the March 2021 quarter was more than 40 per cent higher than the same time last year,” stated HIA Economist, Angela Lillicrap.