In short: The Real Estate Institute of Queensland says high-paying government projects are pushing up the cost of construction.
An economist says growing wages are a contributing factor, but growing material costs, labour shortages, and excessive government regulations are in the way of development.
What’s next?: The government has vowed to build 55,000 social houses by the year 2046.
Crazy how the wealthiest people in society are all those over paid tradies
It’s the unions, I knew it was them! Even when it was decades of government policy supporting housing as an investment vehicle, I knew it was them!
Some CFMEU union jobs pay massive salaries to… stand around and chat with your mates.
For example they just fixed a water leak under the footpath outside our office. It took about 3 months and there were often five workers standing around doing almost nothing at all for days at a time.
When I had a water leak at home, we didn’t call a union construction company, we called a sole trader. It took one guy two hours to fix the leak, and he charged his “emergency work” rate, which I’m pretty sure was half the price a CFMEU company would have charged just to give us a quote for the job.