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“MBV is hopeful that this investment will provide support for our sector’s resilience into the future.”<\/p>\n
The industry has continued to advocate for greater investment into local timber plantations, local manufacturing, and research and development into alternative building products that will help relieve pressure on the building and construction industry in the medium to long term.<\/p>\n
As part of their broader advocacy, MBV said they would continue to represent their members on the Victorian government’s Residential Construction Costs Working Group and explore further solutions to continue to support the building and construction industry.<\/p>\n
MBV estimates every $1 million invested in the residential building and construction industry generates $3 million worth of economic output and supports nine full-time jobs across the economy.<\/p>\n
Forests Australia data indicates Australia’s commercial plantations covered a total of 1.74 million hectares, declining since 2012.<\/p>\n
This is about 2 per cent of Australia’s total forest area, including 1.02 million hectares of softwood species that are mostly exotic pines.<\/p>\n
Although their primary purpose is commercial wood production, Forests Australia also recognise commercial plantations provide a range of environmental services, such as salinity and erosion control, and support regional employment.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the building industry experiencing some disarray from supply chain shortages, the Victorian government has invested $120 million in a new softwood plantation estate in Gippsland, which will see an extra 16 million trees planted in a new location. Although this will have little effect on today’s supply chain issues, it shows that there is […]<\/p>\n