Total resources construction continued an upward trend in 2023/24 which commenced in 2022/23. We expect this growth to continue over the next two years, to a peak level in the year ended June 2026.

Although resources construction, excluding oil & gas, faced consecutive annual declines of 19.6% in 2021/22 and 2.3% in 2022/23, 2023/24 saw a return to growth, with an increase of 17.9% over the year. The rise was attributed to strong rises in coal, other minerals and heavy industry construction.

This report provides a concise explanation of the outlook for all types of resources sector construction in Australia, by commodity and by state and territory.