Conditions have tightened across the market reducing total vacancy of prime stock to 1.4% and secondary stock to 2.8%. With the mining and resource boom the primary driver of the market, demand is strong and supply is restrained.
“Read more”:https://www.colliers.com/Content/Repositories/Base/Markets/Australia/English/Market_Report/PDFs/BrisbaneCBDOfficeMarketIndicatorsReport-Spring2006.pdf …
In the June quarter 2006, the seasonally adjusted estimate of total building work done rose in all of the states and territories except Tasmania (-9.1%). The largest rises were in the Northern Territory (+17.6%), the Australian Capital Territory (+15.5%) and Western Australia (+12.6%). “Read more”:https://www.abs.gov.au/ausstats/abs%40.nsf/mf/8752.0?OpenDocument …
This would seem to add weight to what I covered on the “Australasian Construction Climate”:https://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Emerging-Issues-2.html#climate in the March eBulletin.
In 2005-06, more than two-thirds of employed men aged 15-19 years worked in the Retail trade (42%), Construction (15%) or Manufacturing (11%) industries. Most of those working in Retail trade were employed part-time (77%), though part-time workers were much less prevalent in the Construction (14%) and Manufacturing (20%) industries.
