March quarter strong for new home builds

Posted by Design & Construct on 17-Jul-2015 01:23:00

In Construction

Despite an obvious skill shortage hurting the Australian construction industry, this isn't appearing to put a damper on new home builds.

According to the Housing Industry Association (HIA), reporting on Australia Bureau of Statistics figures, the three months to March 2015 recorded the second highest quarter result ever. There were 53,900 new dwellings started over the period, including 28,761 detached dwellings and 25,140 'other dwellings'.

HIA Economist Geordan Murray explained that this rise was not a surprise, rather consistent with the association's predictions.

"The number of detached houses commencing construction held steady at a relatively high level, while a rebound in multi-unit dwelling commencements provided the lift," he said.

First home buyers and migration are behind record dwelling starts.First home buyers and migration are behind record dwelling starts.

State by state numbers

For construction professionals looking to make a mark on the industry, it is vital to know where potential jobs are located.

"A surge in multi-unit dwelling commencements in Victoria was the primary driver of the increase during the quarter."

If you were to base this on the March 2015 quarter data alone, Queensland and Victoria would be the best locations to seek employment. According to the statistics, new home starts grew 20.9 per cent and 18.8 per cent respectively in the last quarter.

Mr Murray commented on the remarkable rise of Victoria during this period.

"A surge in multi-unit dwelling commencements in Victoria was the primary driver of the increase during the quarter. The state recorded over 9,000 multi-unit commencements, which is a record high," he summarised.

However, the Northern Territory (up 12 per cent) and NSW (up 1.9 per cent) also moved in the right direction - potentially offering better job prospects as well in the months to come.

2014-15 new home build record

As a result of increases in migration and first home buyers, the HIA announced that the number of new dwellings in the 12 months to March eclipsed the 200,000 mark for the first time. Even without the June 2015 quarter results, Australia continues to break new home records; a trend that isn't likely to stop any time soon.

What roles are in demand?

As mentioned earlier, the grand number of new homes is putting extreme pressure on the local construction talent. According to the Department of Employment's national skill shortage list, Australia requires more bricklayers, stonemasons, glaziers, tilers, plasterers, plumbers and estimators.

For individuals with these skill sets, it pays to know how to take advantage of these shortages. With over 10 years' experience in the construction industry, Design & Construct have a significant number of active businesses seeking new talent.

To get your career moving in the right direction, contact our expert team today.