Information utilised in this Australian construction industry forecast report is current as of 1 July 2024. 

About the BCI Forecaster 

The BCI Forecaster is a leading monthly indicator of construction contract values hitting the market in the upcoming three months. Construction start values are presented Australia-wide, broken down by civil and building construction as well as by five key states and six key building sectors/project categories.  

Ramalan jangka pendek digambarkan dengan membezakan tinjauan segera tiga bulan berbanding tiga bulan sebelumnya. Aliran jangka panjang ditunjukkan dengan membezakan nilai permulaan pembinaan dua belas bulan, berakhir tiga bulan, berbanding tempoh 12 bulan yang sepadan setahun sebelumnya.  

BCI Forecaster ialah alat perancangan jangka pendek yang sangat diperlukan, membenarkan pembuat keputusan untuk menetapkan matlamat dan parameter yang realistik untuk pasukan jualan dan operasi mereka. 

Data adalah berdasarkan projek yang dilaporkan setiap hari oleh pangkalan data petunjuk projek masa nyata BCI Central, LeadManager. 

Syot kilat 

JUMLAH PEMBINAAN BERMULA DI AUSTRALIA (JUTA $) 

Tinjauan 

According to the NAB monthly business survey released in June, business confidence deteriorated to -3 index points, which was a decline of 4 points in May 2024. The muted economic growth continues to cast a shadow in the economy. In particular, confidence weakened the most in manufacturing, transport, utilities and construction, including wholesale, recreation and personal services. 

Meanwhile, the Australian Bureau of Statistics (ABS) released the May inflation rate at 4% which was higher than anticipated, ahead of market forecasts. According to the ABS, the areas with the biggest price increases were housing (5.2%), food and non-alcoholic beverage (3.3%), transportation (4.9%), and alcohol and tobacco (6.7%). 

In this edition, total construction starts have declined from a monthly and annual comparison as the June peak overshadows the succeeding months’ performance. Despite this, the level of projects in the pipeline that are anticipating builder appointment is reassuring. 

Sektor Bangunan 

JUMLAH PEMBINAAN BANGUNAN BERMULA DI AUSTRALIA (JUTA $)  

Although there are encouraging signs of improvement in the residential sector from building permits as well as the level of commencements, the long-term view is still in recovery at a pace of 1%. Meanwhile, the non-residential building categories are fluctuating in the short term with the retail and hospitality, and office sectors exhibiting a robust result for the quarter with projects such as the AUS$974Mn Airtrunk SYD3 (PID 46847021) in NSW, which has started site works.  

Notwithstanding, the industrial sector still records notable projects such as the AUS$500Mn Visy Glass Project Apollo (PID 46822021) in QLD. The community sector is also exhibiting noteworthy health projects such as the CEP – Cairns Hospital Expansion (PID 306725017) and the Northwest Health Care Stage 1 – Coomera Health Campus (PID 233197017) in QLD with a combined construction cost estimated at AUS$500Mn. 

Sektor Awam 

JUMLAH PEMBINAAN AWAM BERMULA DI AUSTRALIA (JUTA $)  

Projects slated for June have towered over the construction activity for the next three months. This key influence triggers the sluggish reading this edition. That is not to say that there are no major projects this quarter as we report the AUS$1.4Bn M7-M12 Motorway Interchange (PID 331228017) in NSW from the infrastructure sector, and the AUS$800Mn Outer Harbor LNG Project (169426017) in SA from the transport sector. From the utilities sector, the Unitywater – Capital Works (PID 349949017) and the Greenbank Large Scale Battery Connection Project (PID 287091017) from QLD have an estimated AUS$900Mn value. 

To view more data for building (residential, community, education, office, industrial, retail and hospitality) and civil (infrastructure, transport, utilities) construction projects, get in touch for a copy of our Australian construction industry forecast (July 2024 – September 2024).