Tag Archives: construction

Queensland construction industry outlook

Posted on April 7, 2018 by

The construction industry is very important to the Queensland economy, and it employs nearly 10 percent of all workers (see Queensland Treasury’s Employment by Industry brief). One part of the broader industry, residential construction, has grown strongly in recent years, … Continue reading →

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Rising workforce participation reflects improved jobs market in Qld

Posted on August 18, 2017 by

I have been commenting on Queensland’s improving labour market for several months now, and the July labour force data released by the ABS yesterday have confirmed that trend is continuing. The State’s unemployment rate remained stable at 6.3 percent in … Continue reading →

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Nervous times for construction industry with downswing underway

Posted on May 26, 2017 by

Last week I forecast a continuing downswing in construction activity (Trouble in Qld construction industry & worse may be to come) and the March quarter construction data released by the ABS on Wednesday have confirmed this (see chart below), as … Continue reading →

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Qld full-time jobs growth since election back in positive territory

Posted on May 19, 2017 by

In April, full-time employment in Queensland continued to recover and is now back above the level that prevailed at the time of the last State election in January 2015, in terms of the trend data that Queensland Treasury prefers to … Continue reading →

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Trouble in Qld construction industry & worse may be to come

Posted on May 17, 2017 by

Referring to the recent failures of building companies such as CMF Projects, CKP, and Cullen, the Courier-Mail this morning observed: …we hear that even the higher profile builders (household names actually) are getting nervous with soaring costs cutting into profits, … Continue reading →

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Residential construction at peak in current cycle in Qld

Posted on March 2, 2017 by

The mini-boom in residential construction, of both inner Brisbane apartments and detached houses in outer-lying areas in SEQ, such as Ripley, Springfield and Yarrabilba, has been important to the economy over the last couple of years. This mini-boom now appears … Continue reading →

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Brisbane unit values fell nearly 3% on average over 12 months to end of January

Posted on February 2, 2017 by

The huge supply increase in Brisbane apartments has resulted in a fall in unit values of 2.7% in the 12 months to 31 January, according to new CoreLogic estimates published yesterday (see Chart 1, based on data available in the … Continue reading →

Posted in Brisbane, Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , | 2 Comments