Policymakers and industry practitioners are looking to the construction industry to heal the economy and accelerate its recovery.

No wonder the Australian government is investing in existing and new infrastructure projects where the 10-year investment pipeline will increase from $110 billion to over $120 billion to rebuild the economy and keep it strong. 

The good news, it is possible to enter the construction industry with confidence. In this article, we explore snapshots of the current industry situation, what to expect when it comes to your career choices or hiring decision:-

Snapshot Industry Facts

• GDP Share: The industry generates nearly 360 billion in revenue, which is 9% of the GDF
• Growth Rate: Projected at 2.4% annually, predicted by November 2025 to be 6.8%
• Workforce: 1,143,600 people employed – 8.7% of Australia’s total workforce
• Employment Growth: Fives years to date has increase by 7.3%
• Median age for workers: 38 years
• Average earnings: $1305 per week
• Genders: 86.6% male, 13.4% female
• Career moves: 77% are planning to look for a new job or are open to offers in the next 12 months
• Top reason provided: lack of advancement and promotion opportunities, uncompetitive salaries, workplace culture, and poor management style

Top 10 Construction Industry Occupations:

1. Carpenters and Joiners
2. Electricians
3. Construction Managers
4. Plumbers
5. Building and Plumbing Labourers
6. Architectural, Building and Surveying Technicians
7. Painting Trades Workers
8. Earthmoving Plant Operators
9. Earthmoving Plant Operators
10. Concreters

Top 5 In Demand Occupations Over the next 3 Years:

1. Project Management professionals
2. Engineers
3. Scientists and Architects 
4. Structural and Civil trades and Labour
5. Finishing trades and Labour. 

Top 3 Mental Health Concerns:

• 20% of industry workers have had a mental health condition due to culture and job conditions
• 53% of men in the industry more likely to commit suicide than others across the country
• 27.3% of Queensland construction industry apprentices have experienced workplace bullying

10 Covid Disruptions And Their Domino Effect Facts:

1. Project Delays and supply chain disruptions have led to costly project overruns
2. Top two concerns: rapidly escalating costs and labour shortages
3. Change in timeframes from 4 months to build a house, to 3.5 months just for frames and trusses;
4. Pipeline pressure with a shortfall of 105,000 workers expected over next 18 months;
5. Likely shortfall of 93,000 workers in early 2023 or 48% higher than projected supply
6. The ABS reports prices across the nation rose a record 24% last year
7. New home builds in Queensland soared by 20% over a span of 12 months
8. 50% increase in ocean freight fees has been observed
9. Flooding in eastern Australia pegged to boost inflation by adding to higher construction and labour costs
10. Average full time salaries for building workers increased by 3.9% in 6 months

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