Industry info | mbav.com.au

Our industry

The building and construction industry is the most important sector in Victoria, delivering significant employment, Gross State Product (GSP) and taxation revenue.

We are responsible for delivering the homes, roads, transport, parks, hospitals, schools and aged-care facilities necessary for Victorians to maintain the living standards that they have come to expect.

The construction is the largest full-time employer in the state, generating about 283,200 jobs. Around 242,900 construction jobs are full-time jobs, and part time employment in the sector grew by 10.7 per cent over the 12 months to August 2017.

The sector continues to make a significant economic contribution to the GSP, accounting for about 6.9 per cent of the state’s total goods and services produced in FY 2015/16, or $24 billion measured in dollar value. This makes it the fifth largest sector in terms of economic output. 

The State Government relies heavily on income from the property sector: land transfers account for more than 40 per cent of Victoria’s tax revenue. This reliance highlights that it is imperative for the government to support the sector through policy initiatives.

There were 94,996 firms in the Victorian construction industry at the end of June 2016, or 16.7 per cent of the 570,304 businesses within the state. This is above the national average of 16.5 per cent making it largest sector by number of firms in the state. 

Master Builders is the peak body representing a range of stakeholders in Victoria’s building and construction industry. Our 9000 members include suppliers and manufacturers, commercial and residential builders, tradespeople and apprentices. Through regular engagement with government, we represent and lobby on behalf of our members and the industry as a whole.