Without a clear line of sight, firms lack the confidence to invest in human or digital capability. As Consult Australia’s 2023 Capacity Crunch report reveals, 73% of Victorian firms find it difficult to hire talent. “This makes it very hard for firms to scale up again in the future.”
Matt, Consult Australia’s Manager for South Australia and the Northern Territory, is Acting Victorian Manager until July 2024 as Mark Rogers takes up a secondment.
Matt and the Victorian Committee have been engaged in some “beneficial meetings” with the Victorian Major Transport and Infrastructure Authority, Infrastructure Victoria and Office of Projects Victoria and will be taking the “clarity for confidence” message to freshly minted Victorian ministers over the months ahead.
Following the Victorian Government reshuffle in October, Assistant Treasurer Danny Pearson was appointed Minister for Transport Infrastructure and the Suburban Rail Loop with responsibility for state-shaping transport projects. New Minister for Housing Harriet Shing will oversee the Big Housing Build and a commitment to deliver 800,000 homes over the next decade.
“Victoria’s population is set to surpass 10.3 million by 2051. To meet that growth, the state will need an additional 2.24 million homes,” Matt notes. “This investment in housing – as well as schools, hospitals and transport infrastructure required to service these new communities – should bolster industry confidence.”