“5% of Australia's population are construction workers. Less than 1% of recent arrivals from overseas have been construction workers.”
Tom Devitt, HIA · The Elephant In The Room Property Podcast | Inside Australian Real Estate · Why Building More Homes Isn’t That Simple
Play from 4:33
4:33
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What was described
suggests fast-tracking skilled visas for construction trades as a short-term labour solution
5% of Australia’s population are construction workers; <1% of recent overseas arrivals are construction workers
Said nearby on the same subject
“We released our latest trades report, which surveys the industry to ask them how hard it was for them to get the skilled tradespeople that they need. We track about 13 different trades, none of them have enough workers.”
TD
Tom Devitt HIA
The Elephant In The Room Property Podcast | Inside Australian Real Estate ·
“You can suggest that they make it as high as possible or as low as possible. With someone moving out of their main residence, they would want it to be as high as possible generally.”
“You can do a major renovation as a construction loan… the lender will take the higher rent that you're going to get at the end of the construction as income for servicing the loan”
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Said on Property Investment & Wealth Creation Australia | The Michael Yardney Podcast