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HIA welcomes today's announcement on skilled migration and the State Government’s negotiations with the Federal Government to increase the number of places in the State
Nominated Migration program.
“The 5000 State Nominated Visas’ gives the Cook Government control of who and how our state’s critical skill shortages are addressed” stated HIA Executive Director Michael McGowan.
“Housing is repeatedly announced as a priority for the State, and HIA urges the Cook Government to use a minimum of 80% of these places on construction visas.”
"Anything less is a wasted opportunity to dramatically improve housing in our State,” said Mr McGowan.
“The Cook Government must also work with industry to facilitate smooth transitions for these workers into construction.”
“Today's announcement presents an opportunity, and the execution and collaboration with industry and Government GTEs like Western Power will ultimately determine if it is a success or not.”
Michael McGowan is available for further comment.
“The cycle of ongoing growth in new home sales was broken in July, with a 6.4 per cent fall compared to June,” stated HIA Senior Economist, Maurice Tapang.
“If the Economic Reform Roundtable is serious about developing meaningful and lasting change to boost productivity and the economy, then the number one priority must be on cutting the excessive regulation that is crippling businesses,” said HIA Managing Director, Jocelyn Martin.
“Investors were responsible for 41 per cent of new homes financed for construction in the past year,” stated HIA’s Chief Economist, Tim Reardon.
“The RBA delivered the third rate cut of this easing cycle, bringing their benchmark cash rate down from 3.85 per cent to 3.6 per cent,” stated HIA Senior Economist Tom Devitt.