BCI’s Multi-Residential Sector Snapshot report in Australia captures the total number and value of active projects across the country, as of October 2024. 

Multi-Residential Sector Analysis in Australia 2024 

As reported by BCI, over the last year there has been a decline in the number of applications submitted and approved for multi-residential buildings: -15.56% and -17.15% respectively. There has been a corresponding decline in main contractors appointed to projects (-13.96%) and commencement of main works (-10.96%). Overall, looking at statistics over the last five years, the average time between design approval and construction start is approximately 20 months. 

Australia’s multi-residential sector has 10,026 active construction projects totalling over 276 billion AUD. Most of these projects, in terms of value (58.46%) and number (78.60%), are at the Design & Documentation stage, where development applications are being submitted, and construction certificates are being approved. While many multi-dwelling properties are in the design pipeline, only 1,375 are currently at the construction stage with a main contractor on site. 

Looking at the projects broken down by state, we can see that VIC/TAS/SA has the greatest number of projects (5,222), but it is NSW/ACT that leads the charge, with 3,314 active multi-residential projects valued at a combined 138.61 billion AUD. Comparatively, over on the west coast, there are only 402 multi-residential builds totalling 12.54 billion AUD. 

Key Market Players in the Multi-Residential Sector 

Our Sector Snapshot report ranks the leading developers, architects and builders based on their total construction project value over the past 12 months, as reported by BCI Central. Grange Development, Turner Studio – Sydney, and Karimbia Construction Services (NSW) Pty Ltd ranked as the top developer, architect and builder respectively.   

Discover the complete list of the top three developers, architects and builders in our Multi-Residential Sector Snapshot report in Australia 2024. 

Gifford Hill – Featured Multi-Residential Project 

• PID: 357470017
• Approximate Value: 7,500M AUD
• Project Type: RESIDENTIAL ESTATE (17,100 approx) | MIXED USE DEVELOPMENT
• Sector: Residential
• Stage: Concept
• Location: Murray Bridge, South Australia 

*All values as of 1 October 2024 

Skyrise – Archify Featured Product 

• Brand: Otis Elevator
• Description: The SkyRise system is available in a range of speeds, duties and rises to support any high-rise project. The double-deck configuration reduces the number of lift hoistways needed for your building, increasing rentable space by up to 40 percent. The system automatically adjusts the distance between the upper and lower cars while the lift is moving – without passengers noticing.
• Project Application: Collins House 

Discover more featured products in our Multi-Residential Construction Sector Snapshot report in Australia 2024. 

Archify Featured CPD 

Australian architects are required to complete Continuing Professional Development (CPD) to maintain their architectural registration. Archify offers free online CPD courses for architects to ensure they remain up to date with industry-specific information.  

• CPD Title: Cladding Rectification Done Right
• Supplier: Fairview
• Learning Outcomes: Recognise which building types have been targeted for cladding assessment by the government; Describe the steps that each state is taking to address buildings that have Combustible Cladding; Identify who to approach to get the buildings assessed; Explain the role that each key stakeholder has in the Cladding Rectification process; Correctly identify the compliant products that can be used for Cladding Rectification
• NSCA Performance Criteria: Project Initiation and Conceptual Design: PC28; Detailed Design & Construction Documentation: PC39, PC41; DESIGN: PRE-DESIGN: 2.1; DESIGN: SCHEMATIC DESIGN: 4.4, 4.6 

What are BCI Sector Snapshots? 

The BCI Sector Snapshots are a series of free reports that share top-level insights into key construction sectors in Australia. Our BCI Sector Snapshot reports provide you with the total number and value of active projects broken down into:  

• Overall national figures
• Construction stages
• State figures  

With further details on  

• Key market players (developers, architects and builders)
• Noteworthy projects. 

BCI LeadManager offers comprehensive information on the projects undertaken by key market players in the multi-residential construction sector. Within the health sector, BCI reports on:  

• Apartment
• Condominium
• Townhouse
• Dormitory
• Residential Estate
• Retirement Village 

Additionally, BCI Analytix provides in-depth analysis of construction activity by sector, stage and location, as well as the sector’s prominent market players. 

Archify is our free all-in-one platform for design, specification and education, supporting product suppliers in connecting with design professionals online and face-to-face. 

Explore our range of free Sector Snapshot reports below:  

• Sector Snapshot Reports