State ranks fifth
A SOFT job market and underperformance on population growth are strangling Queensland’s home construction sector, the latest Commsec State of the States report has revealed.
Queensland has fallen further behind Victoria on the nation’s economic rankings despite leading the country on construction work.
There was $11.8 million of construction in the state over the past quarter – up 10.7% on its decade average.
But Queensland’s overall position has been marred by an equal-bottom ranking alongside Tasmania for its 6.5% unemployment rate and sixth place for its 1.49% population growth – down 30.2% on its decade average.
Queensland ranked fifth of the eight states and territories on home construction.