You have to wonder though, is this because of a genuine gap in the market where people are yet to realize there is money to be made, or is there something else that these stories are leaving out. Is everyone in the industry making this much money? If you joined the industry today, how long would it take to start making good money?
You have to do a 4 year apprenticeship, during which time you won't make great money.
Then you work for someone else and probably make $80k or $90k, then you start your own business.
In terms of supply/demand Australians are extremely house proud and spend an insane amount of money on renovations, upgrades, etc, so all the trades are always slammed. Have been for 20 years.
Right so it seems somewhat similar to the profits you can make programming. Doesn't seem like a crazy get rich quick scheme, just years of hard work paying off.
Pretty much. There's probably also an "in crowd" aspect to it as well. Everyone I know makes $100k+ as a dev here at least after a few years, but I've had Uber rides with older Indian dev drivers complaining that they can't find a job. I imagine anyone lumped into the whole "dodgy lebo/bogan/asian tradies" stereotype might struggle in a similar way.