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“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.
“In 2021, more than 54,700 residents left NSW and Victoria as the COVID exodus to the regions continued. In the final quarter of 2021 however, the number of overseas arrivals more than offset this loss of inter-state migration.
“The loss of resident population in NSW and Victoria in the final quarter of 2021, has seen a growth of population in all other states and territories, except for the Northern Territory.
“Most notable, more than 50,000 new residents moved to Queensland in 2021.
“This remarkable ongoing shift in the location of the resident population has been a significant driver of the acute shortage of rental accommodation in Australia.
“With the return of overseas migration, Australia’s annual population growth has started to recover from the COVID shock with the resident population increasing by 0.50 per cent in 2021. This is compared to an average growth in the decade prior to COVID of 1.54 per cent.
“A stable and reliable migration pathway for skilled workers is central to a strong, and growing, national economy.
“The release of the initial 2021 Census data today also includes the number of unoccupied homes in Australia.
“Unoccupied dwellings have consistently made up around 10% of dwellings in Australia in the past 35 years.
“The 2021 Census shows that 10.1 per cent of dwellings were unoccupied on census night in 2021. The two main reasons for a dwelling being unoccupied were that it was a holiday home, or the residents were absent on Census night.
“This is not evidence of an under-utilisation of housing stock, but an indication that on any given night of the week, some households are on holiday,” concluded Mr Reardon.
The Building and Construction Industry (Security of Payment) Act 2021 (WA) (SOP Act) applies to some construction contracts but excludes others. Before you make a claim under the SOP Act, it is important to confirm that your contract is covered.
The Tasmanian Government has released the Residential Building (Miscellaneous Consumer Protection Amendments) Bill 2022 for consultation. HIA has raised concerns with some elements.
Geraldton’s own third year carpentry and joinery apprentice Callum Marquis from Connolly Creative Building Co. has been named 2022 HIA Stratco WA Peter Stannard Apprentice of the Year.
Security of payment laws provide for the rapid adjudication of payment disputes in the building and construction industry.