Construction in Australia – Key Trends and Opportunities by State and Territory to 2019

From: Fast Market Research, Inc.
Published: Fri May 29 2015

Timetric’s 'Construction in Australia – Key Trends and Opportunities by State and Territory to 2019' report provides detailed market analysis, information and insights into the Australian construction industry, including:

* The Australian construction industry's growth prospects by market, project type, and type of construction activity
* Analysis of equipment, material and service costs across each project type in Australia
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Australian construction industry
* Profiles of the leading operators in Australian construction industry
* Data highlights of the largest construction projects in Australia

Report Highlights

* In terms of buildings, there has been clear evidence of an expansion in residential and non-residential construction, according to the latest data from the Australian Bureau of Statistics (ABS). The total number of new dwelling units in the country grew by 11.9%, from 163,757 units in January–November 2013 to 183,221 units in January–November 2014. Of the total new dwelling units, 180,886 units were in the private sector, while 2,335 units were in the public sector.
* Decreased electricity demand and policy uncertainty is expected to impact the energy sector, and consequently the demand for electricity and power construction category is projected to decline over the forecast period. According to estimates by the Australian Constructors’ Association and Australian Industry Group, construction activities in the electricity generation and gas supply in the country are projected to decline by 14.2% and 16.1% respectively in 2014–2015 and 2015–16, whereas pipeline construction work is expected to decrease by 17.4% and 4.8% respectively.
* The Department of Transport, Planning and Local Infrastructure (DTPLI) and Public Transport Victoria are working to improve the transport network in Victoria in a bid to reduce rail and road traffic congestion and support Victoria’s economic growth. In 2014, the Victorian government announced plans to upgrade the CityLink Tullamarine corridor from the West Gate Freeway to Melbourne Airport. Government focus on transport infrastructure is expected to support economic growth and improve road and rail connectivity in the region.
* Through its Solar Bonus scheme, the Queensland government supports the development of solar energy by paying the feed-in tariff to eligible customers, enabling them to generate solar power through photovoltaic systems, and export it or sell it to the state electricity grid. However, in 2014 the government decided to cut support for the scheme, allowing electricity retailers to decide the amount paid for electricity from individual solar customers. This is expected to negatively impact renewable energy infrastructure’s growth in Queensland.

Full Report Details at

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