The Australian construction industry entered a solid upswing in the second half of 2021, following three years of decline, and growth is currently accelerating further. We estimate a total increase of 5% in construction activity in 2021/22 (in real terms), with a further increase of 15% forecast for 2022/23.

This report provides a concise explanation of the outlook for the various segments of building and construction. It provides a fully revised set of forecasts for all segments of building and construction looking ahead ten years.