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HIA WA Executive Director Michael McGowan stated that the extended subsidy will help alleviate the financial burden on employers investing in the next generation of skilled workers, ultimately boosting housing supply and reducing pressure on housing affordability.
"Combined with the introduction of over 2,000 fee-free TAFE courses, this shows that the Government is listening to industry needs and placing a priority on developing a strong skilled residential workforce," said Mr. McGowan.
"The GTO Wage Subsidy program has been incredibly successful so far, enabling employers to train more apprentices and equip them with skills that will serve them for a lifetime. This initiative supports businesses by lowering costs, which allows builders and trades to concentrate on training apprentices and building more homes."
Over the past four years, more than 40,000 Western Australians have started apprenticeships in the construction sector. While this is a promising trend, Mr. McGowan emphasized the need to maintain this momentum to meet the projected demand for skilled workers over the next decade.
"Given the State’s significant investment in the construction industry, we're seeing people from diverse backgrounds exploring apprenticeships as a viable career path. As an industry, we are committed to supporting as many of these individuals as possible to become skilled tradespeople.
“Given the strong demand we need to continue to find ways to attract local, interstate, and international talent to Western Australia to dramatically increase our residential building workforce right around the state.
“The economic future of Western Australia is extremely positive, however much of that depends on having a skilled workforce capable of delivering on those aspirations. A strong residential construction workforce is essential to housing the future residents of our State,” Mr McGowan concluded.
“Australia’s population reached 27.4 million by the end of 2024, up by 445,900 people, or 1.7 per cent for the year,” stated HIA Senior Economist, Tom Devitt.
The Tasmanian election that no-one wanted to have is in full swing, and while the limited campaign period is unlikely to provide the usual platform to promote key policies and reforms, HIA is calling on both major parties to prioritise housing policies given the significant challenges across the state.
“Our dated and complex planning system is littered with speed bumps that could easily be removed”, said Brad Armitage, HIA NSW Executive Director.
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.