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Tradies remain in hot demand09th May 2007 If you thought you were paying more for the services of tradespeople, you were right, according to a Housing Industry Association (HIA) report that shows tradies remain in short supply and prices continue to rise. HIA says that across Australia the price of 13 key home building trades climbed 0.4 per cent over the March quarter to be up 3.4 per cent over the year. The trades seeing the largest annual price climbs were ceramic tiling (10.4 per cent), roofing (9.9 per cent), 'other trades' such as maintenance and repairs (9.5 per cent), bricklaying (8.6 per cent) and plastering (8.2 per cent). The price increases reflect a continued skill shortage in the trades, according to HIA chief economist Harley Dale. "A cyclical downturn in new housing has not alleviated the trade shortages," Dale says. "It is vital to ensure an adequate stream of skilled workers is being trained and coming on line prior to a recovery in new construction emerging. Otherwise, we will find ourselves back in the situation experienced during the last boom when chronic skilled labour shortages were rife." Quarterly trade prices increased 6.8 per cent in regional Queensland, 5.7 per cent in regional Victoria, 5.2 per cent in regional New South Wales, 2.9 per cent in Adelaide, 2 per cent in Brisbane, 1.8 per cent in regional South Australia and 1.5 per cent in Sydney, HIA reported. Prices fell 5.7 per cent across Western Australia and were down 0.9 per cent in Melbourne. © Australian Property Investor magazine - www.apimagazine.com.au. Reproduced with permission. To subscribe to API, go to www.apimagazine.com.au or pick up a copy from your local newsagent.
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