AIA survey reveals need for economic stimulus as pandemic stalls pipeline

The COVID-19 pandemic has resulted in a significant stalling of construction projects, finds a new survey by the Australian Institute of Architects (AIA).

The survey of Institute members revealed that almost two-thirds (64.87%) of respondents have had projects stalled as a direct result of COVID-19. Projects affected ranged in scale with the biggest impacts felt on projects valued between $1million and $5 million (30.48%) and $10 million to $50 million (15.75%).

The survey also indicated that almost 1 in 8 survey respondents had lost their job or suffered a change in their employment status as a result of the economic impacts from COVID-19.

AIA urges governments to consider further stimulus measures to support one of the economy’s biggest employing sectors. It identifies energy efficiency incentives, public building upgrades and investment in social and affordable housing as priority areas for stimulus.

The survey was conducted in June 2020 and comprises data from 428 responses.

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