Australian Construction Insights’ latest Construction Monitor has released its latest report ranking construction activity in the country’s states and territories, and the results may surprise you. Read on to learn why Tasmania, Victoria, and the Northern Territory are currently ahead.
Tasmania: Leading the Way
Tasmania was a surprise winner with a state score of 33.7. The result proves the island state is far from the economic backwater some mainland residents believe. Despite having the
second-highest unemployment rate in the country, its construction industry is booming. It was the best performer for construction activity relative to long-term trends thanks to major telecommunications developments and new roads and highway. It also ranked highly for new commercial buildings, railways and harbours, bridges, mining and heavy industry developments, and water supply, storage, and drainage projects.
Tasmania lifted three ranks since the last report, and forecasters predict its construction industry will continue to grow.
Victoria: Construction Boom in Cultural Capital
Victoria has a reputation as one of Australia’s most progressive and cultural states, so its strong results are expected. While it came second overall with a state score of 33.6, it
outperformed other states and territories in the areas of industrial and “other non-residential” buildings. This latter category includes the civil recreational facilities Melbourne is famous for.
Victoria’s ranking held steady, and experts predict its construction industry will continue to be stable.
Northern Territory: Small Population, Big Results
The Northern Territory has a small population of around 234,800, less than half the number of people that live on the Gold Coast. However, it punched well above its weight to claim the third spot with a state score of 32.9. It achieved this thanks to strong showings in commercial buildings, heavy industry, telecommunications, and electricity generation and transmission.
While the Northern Territory slipped two spots on the national ranking, experts suggest its construction industry is stable.
While these three states and territories are leading the way, construction is strong throughout Australia. For projects in Queensland and New South Wales, speak to TPM Builders, one of the
most trusted names in commercial construction.
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