May 2013 report
The Construction and Property Services Industry Skills Council (CPSISC) commissioned the Centre for International Economics (the CIE) to independently develop a research document to inform and augment demand forecasts for the construction and property services sectors. This report has a specific focus on construction and property services (CPS) sectors, making a detailed appraisal of each of the component CPS sectors out to 2015–16 and a snapshot at 2025–26.
By 2025-26, the projected demand for CPS Skills (covering those occupations of interest to this study) across Australia will be nearly 149 000 persons higher than in 2011–12, representing a 14.6 per cent increase. By 2015-16, an anticipated recovery in residential construction is expected to contribute to an increase in employment requirement of 45 000 persons, or 4.5 per cent, compared to 2011–12 levels.
- These increases are from a base of 1 million persons in CPS Skills, out of total employment in the CPS sectors of 1.7 million in 2011-12.
- Although at lower growth levels beyond 2016, construction and property services is set to continue as a key component of the economy and as an employer through to 202.
- The CPS sectors will continue to provide stable and sustained employment growth through to 2025-26 compared to other sectors of the economy
This report accesses latest information on population and income growth prospects by state and uses detailed sector specific information from CPSISC stakeholders. While, these projections are conservative, they can be considered to be a base from which the performance of the sector could be improved as a result policy reforms that have been recommended. For further information, please contact Derek Quirke.
View report online [pdf, 1670KB].