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QLD construction spend to double over next 10 years

QLD construction spend to double over next 10 years

Construction activity in Queensland is set to boom over the next decade.

Queensland’s construction sector is set to see a period of heightened activity, with a recent report forecasting building expenditure in the state will surge over the next decade.

That’s the assertion made by Construction Skills Queensland’s Rise report, which predicts the value of building projects undertaken will jump 51 per cent by 2022.

According to the report, the state’s resources sector will continue to demand highly skilled workers, with concreters, structural steel workers and plant operators all set to be highly sought after – a trend that may boost opportunities for apprenticeships in Queensland.

It went on to highlight the state’s skills shortage, stating that training solutions – such as traineeships and apprenticeships – are the solution to the increasing shortfall of experienced professionals.

The North Central region is expected to see a 37 per cent growth in building spend over the next ten years, with the Central region tipped for a 41 per cent lift.

The Wide Bay Burnett region will enjoy the biggest growth in construction activity, with a 51 per cent increase in spend, while Darling Downs and South East Queensland will see increases of 42 per cent and 38 per cent respectively.

“Wherever you are in Queensland today, there’s clearly a lot to look forward to in the construction industry,” the report said.

“The resources boom will accelerate growth in some regions, but across all regions the long term prospects are supported by fundamental population growth.”

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