“We applaud the Treasurer of Victoria on the record $13.7 billion commitment in 2018-19 on our state’s infrastructure—taking the average infrastructure spend to $10.1 billion per annum over the next four years,” Radley de Silva, CEO Master Builders Victoria, said.
“This action suggests the Government understands the importance of the building and construction sector to Victoria’s economy,” Mr de Silva said. “Our sector’s contribution cannot be understated—we are the largest full-time employer in Victoria and taxation from property and land transfers still accounts for more than 45 per cent of the government’s revenue—demonstrating just how important building is for our state.
Regional Victoria still holding off against Melbourne’s..
Decline in housing remains concentrated in the Melbourne metropolitan area while growth continues in many of Victoria’s regions.