Construction in Australia - Key Trends and Opportunities by State and Territory to 2020

From: Fast Market Research, Inc.
Published: Fri Jul 08 2016

Timetric's Construction in Australia - Key Trends and Opportunities by State and Territory to 2020 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 construction activity
* Analysis of equipment, material and service costs for 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 the Australian construction industry
* Data highlights of the largest construction projects in Australia

Full Report Details at

Report Highlights

* According to the latest Australian Bureau of Statistics (ABS) data on new building, there has been clear evidence of an expansion in residential and non-residential construction. The total number of dwelling units approved by the government in the country grew by 13.8% from 208,230 units in 2014 to 236,904 units in 2015. Of the total dwelling units, 233,207 units were taken by the private sector, while 3,697 units were taken by the public sector.
* The government's plan to provide affordable houses across the country to the low- and middle-income groups is expected to drive growth in the residential construction market over the forecast period. In January 2016, the New South Wales Government announced the 10-year reform program, through which it plans to build 23,000 new social houses through the public-private partnership (PPP) model by 2026.
* The Australian government aims to develop the rail network across the country to improve mobility of goods and citizens and support economic growth. In 2014, the government launched the Inland Rail Project with an investment of AUD10.7 billion (US$8.1 billion). The government plans to build 1,711km of railway track between Melbourne and Brisbane by 2025.
* The Department of Transport, Planning and Local Infrastructure (DTPLI) and Public Transport Victoria are focusing on improving the transport network in Victoria to reduce road traffic congestion and support economic growth. With an investment of AUD1.3 billion (US$979.8 million), the Victorian government is upgrading the CityLink Tullamarine corridor from the West Gate Freeway to Melbourne Airport under the CityLink Tulla Widening project.
* The industrial construction market is expected to be impacted by the declining mining industry. The mining industry's production has fallen due to rapid drop in prices of commodities such as coal, uranium and gas, which has stemmed in part from weak commodity demand from China and emerging countries. The deployment of renewable energy worldwide has also impacted the country's mining industry.

Report Scope

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