Builders blueprint calls for end to bias in construction industry to meet demand
The Australian construction sector has to become more flexible and open to change to address ‘critical shortages’ in workers, industry body says
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Australia will need almost half a million people to enter the construction industry in the next three years to meet demand, Master Builders Australia said.
The MBA just released its plan to draw more people to the sector, Future-proofing Construction: A Workforce Blueprint, to address ‘critical shortages’ with the potential to hinder economic recovery and productivity growth.
MBA CEO Denita Wawn said the blueprint outlines pathways to retaining existing workers and removing biases that deter young people from entering the industry.
“To address the bias pushing young people toward university at the expense of VET. Critically, this includes improving the quality of careers education in secondary and senior secondary schools,” she said.
“The construction industry attracts more male than female workers. Improving the attractiveness of the industry to women presents a massive opportunity to increase the pool of potential workers.
“Governments are urged to tackle these issues as a key aspect of the inflationary challenge facing our industry.”
Master Builders Australia estimates that 486,000 workers will be needed to enter the industry by the end of 2026 to allow for those leaving the building sector and future growth projections.
Ms Wawn said it was critical that the industry provide more flexible pathways for workers to reflect the changing nature of work and meet future demand in construction.
“Construction is the backbone of the Australian economy, employing approximately 1.3 million people, providing infrastructure, commercial and community buildings, and homes for the growing population,” Denita Wawn. “With Australia’s population projected to grow by over 50 per cent between 2022 and 2060, reaching nearly 40 million people, the industry will require a significant workforce to undertake the necessary building and construction work.”
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For as little as $48,000, buyers can hold a three-bedroom luxury Eveleigh residence in Broadbeach, with completion not due until late 2028.
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Buyers eyeing Eveleigh Broadbeach no longer need to find a full deposit to lock in an apartment.
Using a deposit bond, purchasers can secure one of the development’s 94 premium residences for as little as $48,000, holding their apartment until completion in late 2028 without tying up hundreds of thousands of dollars in cash.
It’s a structure that’s already proving popular. Rather than a full cash deposit of 5 or 10 per cent, buyers pay a one-off fee for a deposit bond, a financial guarantee issued by an approved provider that provides sellers with the same security as cash.
If the purchase completes as agreed, the bond simply expires.
For buyers with sufficient assets but who would rather keep their money working for them, whether that’s an investment portfolio, proceeds from another sale, or savings earning interest, the deposit bond removes the pressure to find a lump sum upfront.
The apartment is secured, the cash stays liquid, and settlement isn’t due for more than two years.
Designed by Rothelowman and developed by Hirsch & Faigen, with construction by Maxcon, Eveleigh is a 30-level tower delivering just four residences per floor across two- and three-bedroom layouts.
Rather than traditional wraparound balconies, living spaces are brought directly to the glass, so the ocean horizon becomes part of the everyday experience rather than something viewed from behind a rail.
Residents will have access to a north-facing pool, hot and cold plunge pools, wellness facilities and indoor and outdoor entertaining spaces, along with a rooftop residents’ lounge offering panoramic coastal views.
The timing suits a market that isn’t slowing down. Broadbeach has recorded capital growth of 20 to 25 per cent year-on-year in some segments over the past 12 months, with vacancy rates sitting around one per cent.
Two-bedroom luxury apartments are achieving $1,500 a week in rent, three-bedroom more than $2,000, on a permanent, long-term basis.
“Secure now with just $48,000 and look forward to your new home in late 2028,” says LJ Hooker Broadbeach principal Matt Conduit.
To find out more about securing an apartment at Eveleigh Broadbeach with a deposit bond, contact Matt Conduit on 0418 741 949
*$49,500 payment is a deposit bond premium, based on a purchase price of $2,870,000. Subject to approved purchasers, Terms and conditions apply.
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