Building booms but salaries flatline

Original article by Michael Bleby
The Australian Financial Review – Page: 10 : 19-May-16

Official data shows that wages in the construction industry grew by 1.6 per cent in March 2016, which is the same rate of growth as February. Master Builders Australia’s Wilhelm Harnisch attributes the low growth in wages across the sector to a downturn in wages in mining construction following the end of the resources boom. The strong housing construction market in New South Wales and Victoria resulted in both states recording above-average rises in construction wages.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, MASTER BUILDERS AUSTRALIA INCORPORATED, HSBC AUSTRALIA HOLDINGS PTY LTD, AUSTRALIAN CONSTRUCTION INDUSTRY FORUM

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