Perth builds into the bust

The AFR is reporting today about the boom in Perth residential housing construction, which has led to mammoth demand for tradespeople and other skilled labourers, softening the blow from falling mining investment:

Tradespeople are in hot demand in Perth and bricklayers and other skilled labourers struggle to keep up with residential construction demand.

The busy period of house and apartment constructions is underpinned by high vacant land sales in Western Australia in 2012-13 at just over 20,000.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.