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The HIA Trades Report released today provides a quarterly review of the availability of skilled trades and any demand pressures on trades operating in the residential building industry. The HIA Trades Index declined from -0.53 to -0.69 in the September quarter, with any number below zero indicating a skills shortage.
“Skilled trades continued to be in high demand as a record volume of detached home building and renovations is occurring,” added Ms Lillicrap.
“All regions across Australia are reporting an acute shortage of skilled trades and all trades are in short supply.
“Regional Queensland, Regional South Australia and Perth recorded improvements in the availability of skilled trades compared to the previous quarter. These small improvements reflect quarterly volatility, not a material improvement in the supply of trades.
“All trades recorded a deterioration in availability during the September quarter. Bricklaying continues to have the most acute shortage with an index reading of -1.30.
“Finishing trades such as painting, plumbing and plastering recorded some of the stronger quarterly declines in availability. This reflects the large volume of projects initiated by HomeBuilder starting to reach completion.
“It is an excellent time to pursue an apprenticeship in residential building trades as the boom in home building is expected to continue throughout 2022 and into 2023,” concluded Ms Lillicrap.
"A slow return of overseas migration is easing the adverse impact of a loss of workers from Australia’s two largest states,” stated Tim Reardon, HIA’s Chief Economist.
The Victorian Government has announced a further lifting of COVID-19 restrictions in relation to vaccination requirements.
The Certificate of Occupancy requirements for Class 1 buildings were suspended on 16 December 2021 to run until 30 June 2022.
“Today’s budget demonstrates a clear commitment and acknowledgement by the NSW Government that improving housing supply is the best means of improving affordability in the state," said David Bare HIA Executive Director NSW.
"A slow return of overseas migration is easing the adverse impact of a loss of workers from Australia’s two largest states,” stated Tim Reardon, HIA’s Chief Economist.
The Victorian Government has announced a further lifting of COVID-19 restrictions in relation to vaccination requirements.
The Certificate of Occupancy requirements for Class 1 buildings were suspended on 16 December 2021 to run until 30 June 2022.
This infosheet provides an overview of what cost plus contracts are, how they are used and how to avoid common issues. HIA has a Tasmania Cost Plus Contract for sale available for purchase through Contracts Online.