Positive New South Wales Residential Outlook

Fundamentals forecast to drive strong recovery from 2013-14, growing by 11% to reach $17b.

A very strong recovery is expected in the New South Wales residential sector, forecasting an end to the residential slump from 2013, followed by five years of sustained real growth. This is driven by demographic pressures and localised undersupply issues. In comparison, in Victoria the opposite holds, and is a story of localised undersupply following five strong years of residential construction.

Tom.

Strong NSW Lending Figures Welcomed

The number of loans for the construction or purchase of new dwellings increased by 37.9 per cent year on year during May 2013. Over the three months to May, the number of loans increased by 39.4 per cent year on year.

This encouraging set of figures for May 2013 is in line with the trend over the current months showing a growth in the NSW new home construction market.

Tom.

Positive medium term outlook for NSW dwelling construction

With the growing number of people who have sought to buy a new dwelling in NSW, the recent policy initiatives to improve housing supply, and continued population growth are all expected to result in a solid pick-up in housing investment over the medium term. In particular, a number of private sector economists are forecasting housing investment as a share of GDP to return to its long-run average level over the next 5 years. This is positive news for the NSW residential housing market and owner builders.

Tom.

WorkCover reminder to check licences

WorkCover reminder to check licences

WorkCover is reminding people that they can contact WorkCover to check the licence of anyone intending to carry out a WorkCover-licensed activity after a number of fake licences from government agencies were detected across the country.
The licences that WorkCover NSW administers certify that the people carrying out potentially dangerous work are properly trained and are designed to manage the risks to workplace health and safety, with some of them extending to community safety and national security.
These can include licences to operate explosive devices and carrying out fireworks displays, to operate heavy machinery, and to conduct asbestos removal.
It’s important that people have confidence before any potentially high-risk work takes place that those individuals conducting the work are properly trained and licenced.
The warning comes after a number of recent incidents involving people carrying fraudulent licences or documentation.
Fraud can, and is, carried out across Australia and not just at work. But WorkCover is aware of a number of cases currently being investigated and /or prosecuted throughout Australia regarding workplaces.
For example, nine fake high-risk heavy machinery licences have been detected in Western Australia and NSW, and in Victoria there is a matter before the courts relating to a person allegedly operating under a fraudulent high-risk licence.
In March this year WorkCover NSW also successfully prosecuted an asbestos/demolition licence holder under the Crimes Act 1900 for altering the expiry date on an out-of-date licence
If you have a concern about the licence of someone carrying out work for you , one of the quickest ways to confirm their certification is to give WorkCover a call on 13 10 50.

New Students Blog Launched

Hi SAFE RITE students.

We have now launched our new students online blog. The purpose of this online forum is to allow our owner builder and white card course participants and SAFE RITE Members to share the latest information and industry updates relating to their courses and projects.

Please enjoy.

The SAFE RITE Team