Newspaper article The Daily Mercury (Mackay, Australia)

Building Slump Coming

Newspaper article The Daily Mercury (Mackay, Australia)

Building Slump Coming

Article excerpt

OWEN JACQUES

APN NEWSDESK

news@dailymercury.com.au

AFTER a decade of seemingly endless construction sites created by the resources boom, a looming drought of investment will, by 2018, have wiped out 90% of these building jobs, with only a few key areas in Queensland largely immune.

The latest data from the Australian Workforce Productivity Agency estimates a tremendous fall in building work in the resources industry, falling from 83,324 in 2014 to just 7708 by 2018.

Regional hubs Mackay, Rockhampton, Gladstone and the Darling Downs are still forecast to thrive as Central Queensland benefits from mines built during the boom, and Gladstone and Toowoomba start running on gas.

New coal mines west of Mackay and Rockhampton will absorb some of the impact, as will the booming coal seam gas and liquefied natural gas industries as they translate into major operations.

Many of those currently constructing these mines and gas projects may make the jump from builder to operator if their skills are useful. …

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