BuildSkills Australia is set to release a report compounding the skilled worker shortage by highlighting the need for 90,000 extra tradies to achieve the Federal Government’s National Housing Accord.
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Announced today via Build Skills Australia’s website, the report highlights the prescient need to develop more housing to combat Australia’s housing crisis that, according to Domain, provides just 0.7 per cent vacancy rates across the country.
In order to achieve the Federal Government’s goal of boosting quarterly dwelling completion rates by 17,000 to produce 60,000 dwellings per quarter, BuildSkills Australia has identified the skilled worker shortage as the biggest hurdle the Government must overcome.
“There is no denying the ambition of the National Housing Accord and, with rental vacancy rates stuck at one per cent, ambition is precisely what is needed,” said researcher, Robert Sobyra, via the research institute’s website.
“While there are plenty of hurdles to overcome in achieving this goal, labour will be the single biggest supply-side barrier. We will be releasing a comprehensive report on the issue in the coming weeks.”
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Australia’s National Housing Accord is a $3.5 billion, five-year plan commencing in mid-2024 to deliver one million new, well-located homes, to be delivered by the Federal Government in partnership with the States and Territories.
BuildSkills Australia is the national Jobs and Skills Council for the built environment sector, established by the Federal Government to work with industry and find solutions to the skilled worker shortage facing the construction industry.