There has been a growing shortage of tradespeople for the construction industry, a shortage made worse by declining immigration and population growth numbers.
Population growth in Australia is apparently at its slowest in 10 years. This coupled with slowing migration rates could be of concern for the construction industry as the demand for new housing slows and current shortages which foreign workers would ordinary help fill, remain vacant.
According to new data from The Australian Bureau of Statistics there has been a drop of 16 per cent in migration levels. The pace of population growth is also at its slowest in a decade, which could spell danger for the construction industry.