Capacity key to building WA’s future

The Survey’s responses are measured on a Confidence Index.

WA returned a net-positive result of 68.9 for confidence in residential property price growth. Queensland had the second-highest score at 63.1 on the Confidence Index.

For staffing level confidence over the next 12 months, WA registered an Index score of 17.8, ahead of second-placed South Australia on 16.5.

The Q1 2024 Survey was conducted online between 11 March and 27 March. It included 508 respondents from across the property industry.

Comments attributable to Property Council of Australia WA Interim Executive Director Emily Young:

“Workforce capacity is crucial in Western Australia’s ability to build the homes needed to house every West Australian.

“The state faces a significant uphill battle in building the workforce needed to substantially boost WA’s housing stocks.

“WA forward work schedule is exceeding its historical average, at the same time the national forward work expectation is declining against the historical average. Tempering economic growth expectations across east coast markets could offer a silver lining in the state’s ability to attract interstate workers.

“Now is the time for the state government to double down on promoting WA, and incentivising businesses to look nationally to grow our workforce.

“Workers should be confident that there’ll be a strong and steady pipeline of jobs in WA’s property industry for the foreseeable future.

“With a robust building and construction sector, we can build the homes needed to sustain WA growth over the long term.”

/Public Release. View in full here.