Data released by the Australian Bureau of Statistics shows $789 million worth of non-residential building works were ticked off in July, a rise of $179 million compared to the previous month. It is also $261 million more than the same time last year.

“It’s great to see some positive signs pointing to more activity on the way for Victoria’s non-residential builders,” said Radley de Silva, CEO at Master Builders.

“Non-residential approvals do jump around, but for the seventh month in a row we have seen a greater value of projects given the go ahead here than in New South Wales.”

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Source: ABS 8731.0

“We have seen a sharp drop off in the approvals trend here in Victoria though, coming off consistent growth throughout 2013,” Mr de Silva said.

“This type of decline isn’t happening just here – we have also seen declines in Queensland, New South Wales and even Western Australia.

“This is why in the lead up to the November state election, Master Builders will be raising the need for our politicians to invest in the building projects that will generate new activity for our sector.”

Infrastructure a key being discussed at next industry breakfast

Earlier this year, Treasurer Michael O’Brien outlined the Napthine Government’s infrastructure agenda – including the East West road tunnel, a cross-city rail connection through to Melbourne Airport, improvements to the CityLink-Tullamarine road corridor and the Pakenham-Cranbourne rail corridor.

At our next breakfast, Labor Leader Daniel Andrews will outline his infrastructure plans, which to date include the Melbourne Metro rail link and removal of 50 dangerous level crossings. Make sure you are in the know about these proposed projects by attending this unique opportunity on 11 September at our next industry breakfast. There will be opportunities for you to have your questions answered by Mr Andrews.