This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
As the nation felt the coronavirus economic squeeze, trades experienced a 20 percent decline in income from April to May.
A ServiceSeeking.com.au survey of more than 900 trades professionals explored the effect on jobs and income in these challenging times.
A few key findings include:
- 78 percent are winning fewer jobs than last month
- 69 percent of those winning fewer jobs report a decrease in turnover of more than 20 percent
- 63 percent have dropped prices, and
- 17 percent believe the economy won't recover until some time in 2022.
Twenty-two percent expect the economy to recover by January 2021.
"There are two sides to this data," says Jeremy Levitt, co-founder of ServiceSeeking.com.au. "On one hand, it is clear that the lifeblood of the Australian economy, our tradies, have seen a substantial decrease in turnover in just the last month, which is a worrying sign for the Australian economy. However, there may never be a better time to hire a tradie, with 63 percent dropping their rates to win jobs. This may be the incentive homeowners need to stimulate demand for tradies in the short term."
Photo by Fabian Blank on Unsplash