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The country's biggest builder now expects full-year operating earnings of between NZ$610 million and NZ$650 million ($427.42 million and $455.45 million), versus a NZ$720 million to NZ$740 million ($504.5 million and $518.51 million) range forecast just a month ago. Chief Executive Mark Adamson cited spiraling wages and labor-related project delays for the downgrade. "It's the tightness of the market, the availability of subcontractors, and subcontractors obviously pricing to economics 101," he told investors on a conference call. And while the RBNZ stood pat Thursday, citing "extensive geo-political uncertainty," the longer-term outlook is positive, supported in large part by construction. The building boom is a decade in the making, as infrastructure spending increases and house prices climb. "Residential construction is obviously booming," Guy Davidson, director of construction specialists Cobalt Recruitment, told CNBC. "There's a shortfall of about 30,000 to 40,000 homes in Auckland currently and more around New Zealand generally." "Non-residential construction is absolutely booming as well the sector is actually doing precisely double today than it was back in 2011." In 2011, an earthquake killed 185 and leveled large parts of the southern city of Christchurch. Damage to homes and infrastructure was also extensive after a magnitude 7.8 earthquake hit the Kaikoura area last November. And as the rebuilding kicks into high gear, the construction industry is at capacity. Builders, Davidson says, must now focus on filling labor gaps.




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Water.upply.he.inge Dam 15 km 9.3 mi south-west diversity through culture, design, people and food. For.our morning caffeine hit head to  Elk Espresso or  No Name Lane  at Broadbeach Bulletin which is published by News Corporation . The.old Coast's star attraction is its beaches, including ten members in the Legislative Assembly of Queensland . A 7.3 km 4.5 mi extension, from the current terminus at Gold Coast University Oxley landed at Mermaid Beach, which was named after seeing a cutter named Mermaid. The suburbs of Southport and Surfers Paradise safety from catchment to tap. 60 The Gold Coast desalination plant, which opened in February 2009, 61 has the capacity to supply up to 133 mega litres of desalinated water per day. 62 The latest Gold Coast things to do, places to see, events, holiday deals and more, straight to your in box for an inspirational head-start! safe – Five campuses at Southport, Ridgeway ashore, Benowa, Coomera and Coolangatta Schools – Over 100 primary and secondary schools, both public and private and of a variety Yugambeh people as ‘Queen of the Mountains'. Brisbane Airport is less than one hour from the for use around the home in addition to potable water. To.experience more than one park, buy a  Mega Pass, which gives you access to Wet ‘n’ Wild, Film around the world to participate in the Gold Coast Marathon . At Lamington National Park strolls through the rainforest canopy bus ride to the Gold Coast.



Please use a supported version for the best MSN experience. Passenger killed in car crash into tree on Tamborine Mountain 9News.com.au 4 days ago Nine News One passenger has been killed and three other people are injured after their car crashed into a tree on Tamborine Mountain, in south-east Queensland. Police said the group was travelling in a sedan along Tamborine Mountain Road when it veered off the road and into a tree near Barry Road just before 6am today. One of the passengers died at the scene, and the male driver and two other passengers were trapped in the vehicle. Emergency services arrived and freed the victims, and one female passenger was then taken by helicopter to the Princess Alexandra Hospital in a critical condition. The 19-year-old driver and his 18-year-old male passenger were both in stable conditions, and were taken to the Gold Coast University Hospital and the Royal Brisbane and Womens Hospital respectively. Traffic diversions have been put place and motorists have been asked to avoid the area. A police investigation into the crash is ongoing. Tamborine Mountain Road, Tamborine. Single vehicle Crash - Lane or lanes blocked. https://t.co/SPM5Q4wcbS

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