💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Skills Shortages Ease with Building Conditions

Published 02/11/2018, 02:08 pm
© Reuters.  Demand for trades has exceeded supply for 21 consecutive quarters

“The HIA Trades Availability Index indicates that demand for construction trades eased during the September 2018 quarter, but they remain in short supply,” said Geordan Murray, Acting Principal Economist.

The HIA Trades Report provides a quarterly review of the availability of skilled trades and any demand pressures on trades operating in the residential building industry. Building activity has eased across the east coast over the past year and as a result,the shortage of trades has also improved,” added Mr Murray.“Building trades remain in short supply in every city, except Perth.

“The most critical trade shortage was in Sydney, followed by Melbourne, Adelaide and Brisbane. Looking to individual trades, ‘bricklaying’ remains the trade with the greatest skills shortage.

“While availability of bricklaying trade workers improved in the quarter, demand for trades has exceeded supply for 21 consecutive quarters which indicates a structural shortage of workers in this vocation. Bricklaying is a part of almost every new home built in Australia. The HIA Availability Index continues to record shortages of bricklayers and we know that the age profile of workers in this occupation is getting older. It is time to ensure that the trade training system has the capacity to train enough workers to meet the needs of the industry,” concluded Geordan Murray.

HIA trade availability index by region

Originally published by the Housing Industry Association

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.