by BILL HOFFMAN 12th Jun 2019 5:42 AM
A MASSIVE State Government education infrastructure commitment to the Sunshine Coast could not have come at a better time as the region heads into a couple of slower years for the construction sector.
A new state school and special school at Palmview and a high school at Caloundra South will open for the 2021 school year with a high school for Palmview timed to come online for the start of 2023.
The three Palmview schools alone carry a combined establishment budget of $131 million.
Peak body Construction Skills Queensland has blamed a downturn in the residential property market as the root cause of a 20 per cent increase in construction insolvencies to 302 in the past 12 months.
CSQ director of data, evidence and innovation Robert Sobyra said the residential building sector downturn was likely to continue over the next year.
"Approvals lead activity by as much as 18 months, so further falls in building activity are likely over the next year, placing more builders under pressure," he said.
"We are already seeing Queensland's trade industry