THE property industry says it creates 14,207 direct jobs, generates wages of $784 million and creates $1.709m of economic activity in the City of Swan.
Property Council WA executive director Lino Iacomella said the property industry was the biggest creator of jobs in communities right across Western Australia.
“From the tradies on building and construction sites through to real estate and building services and financial and professional services, the property industry is creating hundreds of thousands of jobs in local communities throughout the state,” he said.
“Nationally, the property industry is the largest employer in Australia supporting 1.4 million jobs.
“We see this every day in our local communities where our industry is driving economic activity and investment as it builds great places for current and future generations to live, work and play.”
Data released by the property council highlights the economic importance of the property industry in metropolitan and regional areas of Western Australia.
At the statewide level, the property industry employs 233,500 people in WA, more than any other industry.
One in three people in WA draw their income directly or indirectly from the property industry.
The property industry is also a significant contributor to government revenues through state and local government taxes.
In 2015-16 the industry paid about $6.9 billion to Western Australian government tax revenues – 42.3 per cent of the total collected of the total NSW state and local government tax revenues.
The industry also supports jobs for some 215,800 full time equivalent workers through flow-on activity, meaning more than 449,300 jobs are supported directly or through flow-on activity.