Building industry strong in CQ
CONFIDENCE in Central Queensland’s building industry is higher than anywhere else across the state, Tom Mammen said yesterday.
Mr Mammen is the CQ manager for Queensland’s peak body for housing and construction, Master Builders, and said thanks to the strength of the mining industry, the region never really lost its confidence during the economic downturn.
“Work slowed down, but building industry confidence in CQ compared to other regions in Queensland was without a doubt the most confident,” Mr Mammen said.
Master Builders recently released the Master Builders Survey of Industry Conditions report for the December 2009 quarter.
It revealed confidence in the building industry was on the rise and an increasing number of businesses were optimistic that the worst of the downturn was over.
Mr Mammen, who has been in the industry for more than 30 years, yesterday said Rockhampton regional development and the Rockhampton Regional Council’s proactive approach towards the building industry helped boost confidence while times were tough.
“They communicate so well with the industry and even though the planning process, which requires such an extensive course of action, seems slow, we are actually the best-placed in Queensland,” Mr Mammen said.
The report showed that conditions across the state would return to satisfactory levels during 2010, a welcome development given the rough ride the industry had undergone in the past 18 months.
However, despite this increase in buoyancy, Mr Mammen said the major challenge for first-home buyers would be the withdrawal of the remaining federal stimulus measures.
“The little Aussie dream (of owning a home) will slow down a bit for the younger buyers without the stimulus incentive, making it a lot harder than it was 12 months ago.”
He said in spite of this challenge, the industry was seeing the return of investors. However, with a shortage of houses in the region and stronger demand, house prices would increase.
Mr Mammen said CQ was moving and more people needed tradesmen already.
“I recommend builders in the area to enter their tradespeople in a sub-contract agreement period to ensure workers aren’t sucked away to the mines.”
The building industry in CQ compared to other regions is without a doubt the most confident in Queensland