The federal government’s $91 million investment to boost the number of skilled construction workers will only give minor stimulus to a housing sector challenged by soaring demand, economists and industry leaders say.
The plan to add almost 22,000 new workers would equal less than 2 per cent of the existing construction workforce of more than 1.3 million, economist Carlos Cacho said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com