Election a boost to confidence for construction in CQ
FAVOURABLE economic conditions and a strong Federal election result have been attributed to a confidence boost in Central Queensland's building and construction industry.
A Master Builders September quarter survey showed that confidence had surged to its highest level in over three years, despite actual trading conditions remaining very challenging.
The survey showed the worst constraint on business growth in the region was the cost and availability of finance, which continues to be a problem along the construction chain.
Two of the other important constraints on business growth in the region were the planning approval process and infrastructure charges.
Master Builders Central Queensland regional manager Dennis Bryant said while conditions in the residential and commercial sectors eased during the quarter, they remained fairly strong by historical standards and were forecast to improve during the December quarter.
"Master Builders is also confident that the improving outlook will translate into increased housing activity in the coming months, on the back of positive factors such as low interest rates, solid population growth and stable employment figures," he said.