|
|
|
|
|
|
|
Transport infrastructure construction dipping after long upturn - but still four more stong years before substantial downturn
|
|
Transport infrastructure construction saw its first year of decline this decade in 2024/25, with a drop of 4% in real terms. Prior to that, activity had increased by over 40% since 2020, and by 88% since 2016, to reach an all-time high in 2023/24.
|
|
|
|
Another small decline is expected in 2025/26, of around 2%, due to budget pressures on State Governments and capacity constraints in the construction industry.
|
|
Another upturn is forecast during 2026/27 and 2027/28, as the next round of major projects kicks in, returning total activity to around the 2023/24 level.
|
Some key projects over the next few years will include the Western Harbour Tunnel and M6 Extension in Sydney, Coffs Harbour Bypass, North-East Link in Melbourne, Bruce Highway Upgrades in Queensland and Torrens to Darlington in Adelaide.
|
A more substantial downturn is then expected to begin around 2030 as this last tranche of major projects moves to completion.
|
|
|
|
|
|
|
Our most recent reports:
|
|
|
|
|
Australian Construction Cost Trends
|
|
|
This report examines the outlook for construction costs, in detail be sector and type of input.
|
|
|
|
|
|
|
|
Australian Construction Projects Database
|
|
|
This latest list of projects corresponds with our fully revised set of forecasts published in November 2023.
|
|
|
|
|
|
|
|
Australian Regional Construction Outlook
|
|
|
Our latest regional forecasts for residential building and construction have just been released.
|
|
|
|
|
|
|
|
Australian Construction Materials Forecasts
|
|
|
Our latest forecasts assess the implications for construction materials demand of the current outlook for building and construction.
|
|
|
|
|
|
|
|
Australian Road and Bridge Works
|
|
|
This report examines the strength and composition of the current upturn, and determines the likely timing of the peak, and subsequent decline.
|
|
|
|
|
|
|
|
|
