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QLD residential construction tipped to ‘boom’ in 2013

QLD residential construction tipped to ‘boom’ in 2013

Queensland's residential building sector is showing signs of improvement.

Queensland’s residential construction industry continues to show signs of improvement, with the state’s peak building body stating 2013 will see a flurry of activity in the sector.

Paul Bidwell, Master Builders director of housing, is confident the next 12 months will see an improvement in the construction field, despite a 5.8 per cent fall in dwelling approvals in January.

“Despite the figures we still believe 2013 is a great time to build and are pleased to see an improvement statewide on where we were 12 months ago,” Mr Bidwell remarked.

With activity tipped to ‘boom’ in the industry this year, opportunities for apprenticeships in Queensland may be set to benefit as a by-product.

Mr Bidwell went on to say that this outlook is reaffirmed by the company’s latest Survey of Industry Conditions, which shows confidence in the home building sector improved during the December quarter.

“Factors such as low interest rates and unemployment figures, combined with solid population growth, are conducive to stimulating housing activity,” he added.

The Queensland government is launching the Great Start Grant this month – a new home building incentive that is likely to further stimulate growth in the industry.

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