Australia’s construction sector is already around four years into quite a strong upturn. Further growth is expected to a peak in 2027/28.

Key drivers of the upturn are:

• A boom in renewable energy,
• A large road & rail upturn, including mega projects in capital cities,
• Strong growth in selected non-residential building sectors, such as hospitals, warehouses and data centres,
• Modest increases in oil & gas and other resources.

The residential sector has been weak, but is expected to recover in 2025 and contribute to the next phase of construction sector growth.