Media

MATERIAL delays and soaring costs are continuing to tighten their grip on the building and construction industry, with the situation not expected to ease until next year.

THE COAST shone bright at this year’s Gold Coast Master Builders Housing & Construction Awards, which highlighted the talent and resilience of the local building and construction industry, despite a tough year of challenges and delays.

FIRST home buyers have cooled their heels since government stimulus wrapped up – but investor confidence in new homes remains strong, despite there being no end in sight to trade and materials shortages and cost hikes running the industry ragged.

BUILDERS have welcomed the solid capital works spend outlined in today’s 2021-22 State Budget – but the threat of additional red tape and the continued lack of a visible pipeline of work has left the industry hungry for more.

BUILDERS have welcomed the Morrison government’s decision to extend its HomeBuilder construction commencement timeframe – but the industry continues to fight to solve trade and materials shortages and soaring prices.

NEW home construction and renovations remain in hot demand across Queensland – but builders are calling for more support to ensure both the industry and consumers get a fair go in the face of continued price hikes, and trade and materials shortages.

THE number of new homes being approved across Queensland has plummeted – but the pipeline of work remains strong as builders ride the wave of demand boosted by government stimulus, and negotiate the inevitable trade and material shortages that have risen as a result.

CONFIDENCE remains high among Queensland residential builders for a strong pipeline of work through to the end of 2021 and beyond, with the industry on track to build almost 30,000 new dwellings.

QUEENSLAND’S regional building industry is kicking off the new year on a high note, with the Palaszczuk government confirming it has extended the Regional Home Building boost grant until 31 March 2021.