The latest Master Builders Australia’s Tasmanian industry forecast has shown that under a Rockliff Liberal Government construction in Tasmania is expected to continue to boom.
The total volume of construction work in Tasmania increased to $3.72 billion during 2022-23 and the best is yet to come, with activity anticipated to continue to grow as high as $4.45 billion over the next few years.
Premier, Jeremy Rockliff, said that the Government’s long-term plan has seen Tasmania’s economy continue to move from strength to strength.
“These latest results reinforce that people from across the world want to live, work, invest and thrive in Tasmania,” Premier Rockliff said.
“This positive forecast is a strong addition to the recent Tasmanian Chamber of Commerce and Industry report, which showed the majority of businesses in the State are seeking to grow over the next six months.
“It is clear that under a Government with a long-term plan that champions job creating infrastructure and construction projects, such as the Bridgewater Bridge and a multi-purpose stadium at Macquarie Point, our workers and businesses have certainty.
“The latest NCVER statistics show there has been a 40 per cent increase in apprenticeships for the building and construction industry between 2018 and 2022, and importantly we are supporting Master Builders Tasmania to continue building our workforce with $4 million under the High Vis Army program.
“Our Government has committed more than $600 million over four years in the 2023-24 Budget to ensure we have the workforce and skills needed here in Tasmania. This funding will support thousands of Tasmanians.
“It’s a far cry from the economic wreckage delivered by the former Labor-Green government when 10,000 jobs were actually lost in Tasmania.
“Tasmania’s economy remains strong under a Liberal Government. We will continue to deliver on our long-term plan and doing what matters for all Tasmanians.”
