Australia, December 01, 2024 — As Australia’s construction industry approaches 2025, it is charting a path through a landscape defined by economic pressures, labour shortages and rising insolvencies.
Despite these challenges, the industry is optimistic, propelled by a robust project pipeline, emerging technologies and calls for greater government support to drive resilience and innovation.
The newly released Construction Outlook Report – Australia offers the most comprehensive view of the construction landscape in 2025.
Drawing on national project data, the 2024 BCI Sentiment Survey and exclusive contributions from leading developers, architects and builders, the 2024 report uncovers trends that will shape the sector in the year ahead.
“As we navigate economic challenges and an evolving market landscape, the importance of reliable data and advanced technology cannot be overstated,” Ashleigh Porter, President, APAC, Hubexo said.
“At times like these, having access to accurate, real-time information allows us to make informed decisions, stay ahead of market shifts and uncover valuable opportunities.”
PART 1: Pipeline Analysis: reveals significant trends and future developments across key construction sectors. A few key takeaways from this year’s findings:
Entering the Pipeline: Project proposal values from the residential sector currently occupy the leading position, followed closely by the industrial, infrastructure and transport, and energy and resources sectors, which account for 26%, 21% and 19% respectively.
Blocking the Pipeline: The residential sector has the highest deferral and abandonment rates, while the industrial, infrastructure and transport sector, often backed by government funding, has the lowest.
Exiting the Pipeline: With consumer and business confidence on the rise, the value of project commencements is projected to increase throughout 2025, particularly within the energy and resources sector and concentrated in NSW/ACT and QLD.
PART 2: Industry & Market Insights: provides comprehensive insights from industry stakeholders—including developers, architects and builders—on internal operations and strategies heading into 2025:
The 2024 Sentiment Survey: Captures key concerns and aspirations across the construction industry. Provides valuable insights into evolving stakeholder needs within their organisations, collectively shaping future strategies.
Topics/Chapters: The report examines core themes shaping the construction industry’s future: Project Risks, Government Support, Sustainability Initiatives, Addressing the Housing Shortage and Technology Insights. Each chapter addresses key challenges, strategic solutions and growth opportunities for the sector.
Contributors: Features exclusive insights from sector leaders who are navigating emerging challenges and pioneering solutions for growth. Contributors offer unique perspectives on overcoming industry obstacles and enhancing resilience within the built environment. This year’s contributors include:
- ADCO Constructions, Managing Director, Neil Harding
- AHURI, Managing Director, Dr Michael Fotheringham
- Aqualand Prestige, Executive General Manager, Wayne Xiong
- Consolidated Properties Group, Head of Residential, James MacGinley
- Cox Architecture, Director, Eliza Suffren
- Crema Constructions, General Manager, Adam Keenan-Dunn
- DKO Architecture, Principal, Koos de Keijzer
- FK, Partner and Head of Design, Nicky Drobis
- Global GreenTag, CEO, Technical Director and Co-founder, David Baggs
- Gray Puksand, National Managing Partner, Nik Tabain
- HIP V. HYPE, Founder and Managing Director, Liam Wallis
- Kapitol Group, Director, David Caputo
- Resimax Group, Development Director, Callan Ainsaar
- Samuel Property Group, Managing Director, Illan Samuel
- Slattery Australia, Director of Partnerships and Innovation, Sarah Slattery
- Texco Construction, Director, Tom Bull
- Third.i Group, Head of Acquisitions, Florian Caillon
- Urbis, Director, Kate Meyrick