On 1 June, the Fair Work Commission (FWC) announced the Annual Wage Review 2017-18 Decision, awarding a 3.5 per cent increase to all modern Award wages and lifting the national minimum wage to $719.20 or $18.93 per hour. The determinations and order giving effect to the Decision will come into operation on 1 July 2018. […]

“Master Builders questions the need for the Labor Government’s Small Businesses Regulation Review into the state’s building and construction sector to help small-to-medium sized businesses avoid red tape obstacles,” Radley de Silva, CEO Master Builders Victoria, said today. “We already know what the problems are. It’s time to solve them.” “Master Builders has long been […]

“We applaud the Treasurer of Victoria on the record $13.7 billion commitment in 2018-19 on our state’s infrastructure—taking the average infrastructure spend to $10.1 billion per annum over the next four years,” Radley de Silva, CEO Master Builders Victoria, said yesterday. Click here to see Master Builders’ brief summary of the budget. “This action suggests […]

The Victorian economy remains robust, with the latest economic data showing the state is exceeding the national average across all economic indicators. According to Master Builders Victoria’s latest Victorian Building and Construction Industry Outlook (March 2018), economic growth in Victoria is expected to grow almost a full percentage point higher than the national average (3.7 […]

The latest economic report for Victoria is now available. Victoria’s economy remains upbeat, with indicators showing the state experiencing economic growth, aided by an expanding population. This has provided room for more growth in the building and construction sector and made the sector’s contribution to Victoria’s economy reach a record level. For the full report, […]