Tasmania Minister for Building and Construction Sarah Courtney
Tasmania Leads Again As The Nation’s Construction Capital
Victor P Taffa
Tasmania’s construction industry continues to lead the nation recording the strongest annual growth in construction work done, according to the latest ABS statistics released today.
In the December 2018 quarter, total construction work done grew 20.1 % compared to the December 2017 quarter in trend terms, Minister for Building and Construction Sarah Courtney said.
Importantly, residential building work done in 2018 is estimated to have grown by 26.5 % compared to the previous year, to $905 Million, which again demonstrates that the Tasmanian housing industry is leading the nation, growing at over 3 times higher than the national average.
“At the same time, estimates of engineering construction work done also experienced the strongest annual growth in the nation, up 14.1 % over the year to the December 2018 quarter.” Minister Courtney said.
This sustained construction momentum reflects the strength of Tasmania’s construction industry, which is being supported by the Government’s record $2.6 Billion infrastructure investment plan and our important initiatives to grow Tasmania’s housing supply and provide more affordable homes.