The amount of work available for the south of Queensland is distressing. Most jobs last about year before the workers have to move on. The building industry on the Gold Coast has met with such hard times that workers are questioning the prospect of future employment.
The last two years have shown what the construction business has had to endure. Australian government has released the latest data in regard to this form of business. In the time frame covering 2008/2009, construction grew at a pace of approximately eight percent. Yet growth was to be short lived because the following time frame saw a drop of five percent in building contracts. To make matters even worse, the 2010/2011 period would fall another two percent.
Noting the problems being endured by the building industry the Australian government did release a stimulus package in the hope of creating a number of jobs. In the very short term it had a positive effect, but the result was nothing even close to the achievement that was hoped for. The increase that was noted by the Civil and Engineering Company found the harsh economic times would not allow for any permanent job increases.
The growth period in the south of Queensland always shared job security with the government. When official building projects were completed, work on the private sector always took over. These anticipated jobs were not there for the concerned workers. A lot of the blame was placed on the banking industry following its refusal to release monies for the purpose of building private residences.
The Gold Coast is being hit very hard by the world recession. The hard times they are enduring now is at its lowest in recent history. The Coast region of Queensland has seen little work since the beginning of 2010. The decline continues to the dismay of the workers who depend on their employment to make a living. The Urban Development Institute of Australia sees little change to be predicted in the near future.
Adding further to this decline are the figures that have been released by the Australian Bureau of Statistics. Beginning with the fiscal year of 2006/2007 through 2007/2008 housing and apartment development has been down nearly seventy percent. Despite the expectation of population growth needing dwellings, only 2900 units of the targeted 5700 per year have been built.
Union bosses have repeatedly warned that the construction industry is well on its way to becoming distinct in the coastal of Queensland. Approximately 3500 jobs are at risk of being eliminated unless something is done. The union head also stated that that applications for few positions were being met with applicants in the hundreds.
There is no doubt the building industry on the Gold Coast is extremely close to placing thousands of people out of work. It has already reached a point where people are traveling to other areas to find employment. The main concern is enough money to sustain their homes and feed their families. Every area of construction including painters, masons, woodworkers, and finish workers are all in jeopardy of losing their jobs. It is hoped that the Gold Coast will be able to hang unto an even minimal growth rate but present prospects look grim.