Despite the impacts of the COVID-19 pandemic, the building and construction industry remains a large part of the State’s economy. The value of building and construction work done in 2020-21 accounted for 12 per cent of the State’s Gross State Product. When local government tax is included, it accounts for over 57% of the State’s tax revenue. 

We also know that every $1 million worth of residential building activity generates almost $3 million in economic activity and supports nine full-time jobs across the economy. In the September 2022 quarter, total building and construction work done in our state was valued at over $14.8 billion and has supported the broader economy. This highlights our sector’s capability to continue to act as a facilitator for other sectors across our State to recover. 

In our election platform, MBV has focused on measures that will sustain economic recovery. These include supporting the future of our industry by addressing supply and trade shortages, promoting housing affordability, improving planning delivery, future-proofing our industry, and supporting building and construction businesses by driving strategic change. Such measures will ensure Victoria’s economy will continue to thrive in the months and years ahead. 

Our submission draws upon feedback from across our industry and focuses on the following priority areas: 

1. Supply and skills shortages
2. Women in Construction
3. Housing Affordability
4. Futureproofing the industry
5. Minister for Building and Infrastructure
   

Click here to view the Master Builders Victoria 2022 State Election Scorecard.

Click here to view the Master Builders Victoria 2022 State Election document.