Peak body CEO cites supply shortage, lack of skilled labour as concerns in the new year
Master Builders Queensland CEO Paul Bidwell has issued a cautionary outlook for the construction industry in 2024, highlighting the challenges that lie ahead.
The industry body has unveiled its policy and advocacy agenda for the year, emphasising the need for government support to foster sustainable businesses, improved building practices, and equitable regulation, according to a report by The Australian.
Bidwell underscored the pressing nature of the housing crisis in Queensland, citing a continued decline in the supply of new dwellings. He also pointed to the impact of severe weather conditions at the onset of the annual storm season and the concurrent strain posed by a substantial pipeline of major projects coupled with a shortage of skilled labour.
“These conditions make it crucial the industry has a clear path forward to ensure it is well-positioned not only to weather these existing challenges, but to tackle those that will inevitably present themselves across the next 12 months,” he told The Australian.
Bidwell highlighted the substantial pipeline of non-residential work, including Queensland Health capital projects, Olympic and Paralympic Games initiatives, water infrastructure, and renewable energy projects.
“There also is a large unmet demand for new housing supply crucial to addressing current need and keeping up with Queensland’s booming population,” he said.
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In addressing these challenges, Bidwell emphasised the need for sustainable and profitable businesses within the industry, efficient resource utilisation, and the development of innovative construction methods to alleviate strain on the current workforce. Attracting and retaining skilled workers to overcome existing labour shortages was also identified as a critical priority, The Australian reported. Bidwell emphasised the necessity of fair regulation across the construction supply chain and the reduction of red tape to enhance industry productivity.
Bidwell’s warnings come amidst a backdrop of ongoing industry challenges, including a housing crisis and regulatory hurdles. The industry's advocacy for government support underscores the critical role of policy in shaping the future trajectory of the construction sector in Queensland.
This cautionary outlook from Master Builders Queensland aligns with broader concerns within the Australian construction industry, as stakeholders grapple with a range of issues, including material costs, labour shortages, and regulatory complexities.
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