Loss of jobs in construction
THE FRASER Coast is facing even more job losses in the construction and development sector for the next six to 12 months.
“We are already struggling with affordability of housing and the global economic crisis means more of the same,” the region’s Urban Development Institute of Australia president, Daniel Poacher (pictured), said yesterday.
Mr Poacher said “shuddering world finances” had restricted loans for building and housing and restricted land supply.
“House prices and interest rates have shot up.
“All of Qld has a crisis. The number of people wanting homes here is growing but their ability to afford a house is shrinking. The result is continuing job losses in development and building with flow-on effects that reach virtually every retail assistant and admin worker.
“In areas such as the Fraser Coast, we are particularly vulnerable to this situation.”
The crisis made it imperative that all of Qld should be included in the government’s state population summit scheduled for March 30 and 31.
“We believe that the summit should extend to considering growth throughout Qld as a whole as any restrictions on growth in the south-east corner will have a significant knock-on effect for the rest of Qld, particularly areas such as the Fraser Coast.”
UDIA State president Warren Harris warned that if the summit turned out to be “another talk fest arising from political spin – a political circus designed to remove Qld’s population, housing affordability and infrastructure woes from the agenda until after a potential federal election next year – then Queensland would be the loser.