“Today’s adoption by the CFMEU of an annual 5 per cent wage increase for the next three years, and other stipulations that increase costs of commercial and engineering infrastructure projects, is a very disappointing result for the building and construction industry and the Victorian community,” Master Builders Association of Victoria CEO Radley de Silva said.
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.