CEO Update 1 March 2019
At Tuesday's MBA member event, we heard presentations from MBA Australia's Chief Economist Shane Garrett and Suburban Land Agency (SLA) CEO John Dietz. The presentations addressed the year ahead for the ACT construction industry and upcoming land release by the SLA. Slides from this event can be accessed here.
The consistent theme between both presentations were:
- The ACT's economic fundamentals are strong.
- A slowdown in the construction sector is expected for 2019.
- There has been a marked change in the type of residential product being built over 10 years in the ACT to a point where apartments are now the dominant form of residential construction.
- The availability of land ready for construction is increasing.
- The availability of credit, impacts from the banking Royal Commission, and buyer sentiment is impacting the local housing market.
- Engineering and commercial construction is expected to slow or remain steady through 2019.
More detail about MBA Australia's Building and Construction Industry Forecasts for the ACT can be viewed here.
On Friday, the MBA met with Dr Andrew Leigh, ACT MP, to discuss the impacts of Federal policy settings on the local market. Issues including Federal Labor's proposed changes to negative gearing and capital gains tax were key concerns discussed with Dr Leigh.
I would like to remind all our members and host employers that safety on worksites is, and must be, the number one priority of all employers and employees.
There have been a number of incidents in the ACT reported in the media over the past month. Whilst these incidents are not related, it is apparent that the consequences of all the recent incidents could have been fatal.
WorkSafe ACT have reminded all employers and workers to ensure that they carefully plan all operations, especially those involving high risk activities such as cranes or plant equipment.
WorkSafe ACT have previously issued a Safety Alert in relation to Precast Panels, and we expect a further alert in due course regarding crane safety.
If you have any queries about safety on your site, or would like further information, please contact our WHS Manager, Mick Kelly.