Engineering Construction in Australia – Q1 2025 Update

Access the research report to learn more about the key points outlined below:

• Headline engineering construction work done rose 6.6% year-on-year to $34.4bn over the September 2024 quarter, driven by strong growth in electricity and water activity. We forecast activity to grow 6.2% in FY25 to $142.6bn (constant FY23 prices), supported by the ongoing rebound in mining investment and continued work to decarbonise the electricity network. Overall, we expect activity to average $142.4bn per annum over the five years to FY29.

• The government funded transportation infrastructure boom continues to support growth in engineering construction activity. Annual growth slowed to 5.3% over the 12 months to September 2024 to be $38.1bn, the highest level on record. We expect activity to reach a cyclical peak of just under $40bn in CY25.