CONFIDENCE IN THE BUILDING INDUSTRY IS STEADY

CONFIDENCE IN THE BUILDING INDUSTRY IS STEADY

 BRISBANE’S confidence in the building industry has remained steady during the December 2013 quarter, according to findings by Master Builders.

The Survey of Industry Conditions has shown a strong upturn in the city’s residential sector, despite trading conditions remaining far from positive.

Deputy executive director Paul Bidwell says it follows steady growth in residential building and finance approvals over the past few months.

“For the first time in several years, the level of building industry confidence in South East Queensland is well above levels in regional Queensland, underlining the resurgence of the South East as the powerhouse of the Queensland building industry,” he says.

“While trading conditions in the residential and commercial sectors in most regions of Queensland are still far from positive, the latest survey results reflect a strong upturn during the December quarter in many regions, particularly in the residential sector.”

The snapshot of the city shows most builders have seen an increase in profitability and improved turnover – with a few businesses reporting a shortage of skilled workers.

“These latest survey results support Master Builders’ prediction that the industry will continue in a positive trajectory as long as the environment of low interest rates and employment growth is maintained.”

The level of demand remains the most critical constraint on business development in Brisbane.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

“Not our desired outcome”: Telix withdraws from $300m Nasdaq IPO

“Not our desired outcome”: Telix withdraws from $300m Nasdaq IPO

Telix Pharmaceuticals (ASX: TLX), one of the nation’s largest...

CommBank joins new ‘intelligence loop’ to combat SMS phishing scams

CommBank joins new ‘intelligence loop’ to combat SMS phishing scams

In an effort to reduce the number of SMS phishing scam victims...

Stralis Aircraft secures funding to make commercial hydrogen planes a reality

Stralis Aircraft secures funding to make commercial hydrogen planes a reality

Brisbane-based Stralis Aircraft has become one step closer to its a...

A year after the PwC scandal, the furore is gone – as well as the appetite for structural change

A year after the PwC scandal, the furore is gone – as well as the appetite for structural change

It was a scandal that rocked the shaky foundations of Australia&rsq...