Investment in essential infrastructure projects and plans to modernise Victoria’s antiquated planning system announced in today’s State Budget will help boost the building and construction sector, but proposed tax increases on the fringe will hurt housing affordability says the Master Builders Association of Victoria.
Master Builders Executive Director, Brian Welch, said investment in essential community infrastructure will help improve job security for Victoria’s 196,700 building and construction workers.
Residential building approvals in regional Victoria..
It appears a lack of affordable housing in Melbourne is the key driver for venturing to regional Victoria seek more affordable.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.