NSW in Need of 150,000 Trade Workers in the Next 15 Years: Report

Published on July 16, 2024

Over 150,000 tradespeople will be needed over the next 15 years if New South Wales (NSW) is to become a construction powerhouse capable of helping battle the nation’s housing shortage. The Insight Centre report, Capitalising on the Next Construction Boom, found Australia’s most populous state had over $79.2 billion (US$50.9 billion) in construction projects this year, up from $75.5 billion in 2019. However, the industry with the power to put roofs over heads is subject to optimal economic conditions, a headache for stakeholders. In May, Master Builders Australia warned that data from the Australian Bureau of Statistics revealed a rise in inflation and decreased productivity in the sector....

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