When most people think of a property and construction boom, many imagine new apartments, homes and other such infrastructure. However, there is another area that has seen considerable growth in recent years - renovations.
The number of refurbishments undertaken by licenced and qualified professionals is increasing rapidly in South-East Queensland (SEQ) with many trades such as carpenters, bricklayers and concreters now in hot demand.
"Overall renovations have been trending up, with an increase of more than 5,000 renovations since last financial year."
This was highlighted in a recent media statement issued by Master Builders. The industry association cited that 57,000 individual renovations had taken place during the 2014-15 financial year - at an average build cost of $33,000.
There is no doubt that new construction is still the number one priority in Queensland, but with large building firms allocating more resources to renovations, it is clear that there are opportunities for construction professionals moving forward.
Master Builders Deputy Executive Director Paul Bidwell explained that SEQ is seeing the bulk of this demand.
"Across the state, renovation activity is patchy, and while SEQ is doing well, there are plenty of builders who are looking for work especially in the regions," he said.
"Overall renovations have been trending up, with an increase of more than 5,000 renovations since last financial year. The move towards renovations has been helped along by record low interest rates."
Shortage of carpenters?
As mentioned above, the quick rise of renovation in Queensland is driving demand for certain industries such as carpentry sky high. This has the potential to lead to significant skill shortages and could present a serious problem to construction progress in the years ahead.
88 per cent of all vacancies are filled within a month of advertising.
According to the Department of Employment's Carpenters and Joiners skill shortage report published in September 2014, 88 per cent of all vacancies are filled within a month of advertising. In fact, for every vacancy, there were around 14 applicants - an increase of about three people compared to the previous report.
Advice for candidates
The Carpenters and Joiners skill shortage report also provided some helpful insight for carpenter candidates who might be interested in joining the renovation revolution. Around 50 per cent of all candidates weren't qualified and didn't have the right level of experience for the role. This is where the expertise of Design & Construct can be of assistance.
Our expert team of consultants are able to assess your skill levels, job history and experience to ensure you are placed into a job where you can add value.
For more information about carpentry opportunities, contact Design & Construct today.