Australian Construction Forecast - April 2022

22 Apr

Written By Peter Karidis

Before COVID changed the landscape for all kinds of businesses, the construction industry was expecting stable levels of work. Only slight drops in major centres following on from unprecedented levels of construction in these areas through 2018-19 were anticipated…

…The total value for construction approvals in Australia rose by $28 billion – 16.3% - for the 2021 financial year. As the year has worn on, the approval rate has continued to climb, getting above 15% in most states. It’s good news considering the construction industry directly employs 1 in 10 Australians and contributed 133 billion to the economy in 2020…

Click to read more of the April 2022 Australian Construction Forecast report.