Tag Archives: construction

Deloitte forecasts huge drop in resources sector construction jobs

Posted on December 17, 2013 by Gene Tunny

I noticed the Mackay Daily Mercury (Investment drought to kill resources-boom building jobs) has picked up an interesting new report from the Australian Workplace and Productivity Agency: Resources Sector Skills Needs 2013. The report contains some interesting projections from Deloitte … Continue reading →

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Housing outlook improving

Posted on September 3, 2013 by Gene Tunny

Yesterday’s building approvals data from the ABS should be encouraging for the Queensland building industry because they signal a recovery in housing construction, just as approvals of new apartment stock are declining. Approvals of private houses are trending upwards (first … Continue reading →

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Ipswich will play important role in eventual recovery of Qld building industry

Posted on July 15, 2013 by Gene Tunny

With Springfield continuing to grow and a new master-planned community being developed at Ripley Valley, Ipswich will play an important role in the eventual recovery of Queensland’s building industry from its current weak condition. Indeed, residential land data published today … Continue reading →

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Resources sector investment hasn’t peaked yet in Qld – we now lead Australia in construction

Posted on May 30, 2013 by Gene Tunny

Unlike the rest of Australia, construction activity increased in Queensland in the March quarter. This was due to heavy, so-called engineering construction, no doubt resources sector-related, as residential and non-residential building activity (i.e. houses, flats, office buildings, shopping centres, etc) continues … Continue reading →

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Qld and WA were on similar growth paths, but Qld got knocked off by GFC

Posted on May 8, 2013 by Gene Tunny

This month’s RBA chart pack contains a nice, informative chart depicting State shares of Australia’s GDP (see below). It shows that, up until the financial crisis in 2008, Queensland, like WA, was increasing its share of national GDP, but stalled … Continue reading →

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Major projects construction activity still strong, but appears to be peaking

Posted on April 3, 2013 by Gene Tunny

RBA Governor Glenn Stevens, who incidentally was re-appointed for another three years today, has recently observed that the mining construction boom would peak in the near future. The latest ABS data on engineering construction activity appear to confirm this view, … Continue reading →

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RBA says SEQ builders see signs of improvement in sector

Posted on March 14, 2013 by Gene Tunny

Christopher Kent of the RBA has given an informative speech on Recent Developments in the Housing Market, in which he noted there are signs of improvement in the SEQ building industry: Approvals in Queensland have been subdued, particularly on the … Continue reading →

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HIA still worried about Qld housing industry

Posted on February 19, 2013 by Gene Tunny

Building approvals are a reasonably good leading indicator of economic activity across the economy because the construction industry employs nearly 10% of the workforce (see this OESR table) and it buys a lot of products from other parts of the … Continue reading →

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Still waiting for building industry recovery

Posted on February 4, 2013 by Gene Tunny

New ABS building approvals data show building approvals (seasonally adjusted) in Queensland increased by nearly 8% in December 2012, but they remain at a low level: The national data aren’t encouraging. See, for example, coverage at MacroBusiness (Building approvals fall … Continue reading →

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Qld building industry recovery postponed

Posted on January 10, 2013 by Gene Tunny

In a post last month I observed that of the so-called four pillars of the Queensland economy – agriculture, construction, resources and tourism –  the resources sector has been the only one with employment growth in recent years. Unfortunately, new … Continue reading →

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