April 20, 2010

Local Tradesman Shortage Expected to Slow Growth

Cairns is unlikely to experience a residential construction boom, as occurred before the global financial crisis, due to lack in skilled local tradesmen.

The Urban Development Institute of Australia's president Adam Gowlett, who was re-elected for another 12-month term last Wednesday, said "ideally a home building resurgence would be gradual rather than fast."

Mr Gowlett said the outlook for residential construction for the remainder of 2010 was still quiet, despite promising signs in other areas of the economy.

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