Victorian Building Commission's 2009 report summarised for you!
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The Victorian Building Commission's 2009 building reports are out. The growth in the industry is great to see and Victoria is also steaming ahead and stealing developers from all over the country.
Here are the highlights to the Building Permits report.
The value of building permits issued in Victoria increased 6 per cent to $21.4 billion in 2009. The number issued increased 3 per cent to 105,568 building permits. Increases in value and number of building permits was fuelled by stimulus packages across the first time home buyers market and public buildings.
The domestic building increases were lead by a 10% increase in domestic building permits with key areas being Melbourne's North (Central, East and West). Inner Melbourne recorded a 6% decline. In terms of value, Domestic building permits consisted of 85 percent New Buildings and 14 per cent Extensions/Alterations.
The commercial sector was boosted massively by development of new public buildings including recreational facilities and education buildings.
Both the growth in the domestic sector and more significantly the growth in the commercial sector can be attributed to the first time homebuyers grant as well as the stimulus package aimed at public works.
Here are the highlights to the Registered Building Practitioners report.
In keeping with the growth reported in the Building Permits report, a 3% overall increase in the numbers of registered builders was recorded. These numbers have steadily increased since 2004. Across all practitioner types, the majority of registrations were in inner Melbourne, but the majority of demolition experts and builders of temporary structures were registered in outer Melbourne. This split can possibly be attributed to the work related to the fires of Black Saturday, and if this is true we should see a swing to registration in outer Melbourne in 2010's report, both in numbers and different types of registrations.
Inner Melbourne recorded the lowest average value per building practitioner, probably because of the high numbers of building practitioners registered in this area, and the 6% decline in domestic building permits in this area.
In summary, it looks like the need for builders is moving further and further out - and this is no surprise with a growing city such as Melbourne. The Registered Building Practitioners report also gives you a report of how many building practitioners there are by municipality, which is very useful if you're looking to branch out into a new area.
Of course, you can also use this information to change your Service Central job matching profile and target municipalities with lower competition or higher growth (Melbourne's North - central, east and west). Speak to your Account Manager today or log onto your portal to swap one area for another.
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