Australia’s construction sector is already around four years into quite a strong upturn. Another three years of growth are expected , prior to a downturn beginning in 2028.

Key drivers of the upturn are:

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

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