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Value of construction work falls across Australia

The value of construction work done has fallen nationally by around six per cent in the year to March 2019, according to new figures from the Australian Bureau of Statistics (ABS).

It also reports the seasonally adjusted estimate for total construction work done has fallen by 1.9 per cent to $50.78 billion in the March Quarter.

Construction work done has fallen for across all states, with Victoria and New South Wales seeing drops over the past two quarters. Both Queensland and Western Australia have seen falling construction activity for the past year, with South Australian construction activity falling for three quarters.

While Tasmania saw construction activity fall for one quarter, it also recorded the strongest growth in total value of construction work done over the year to March 2019, growing by 15.3 per cent.

Tasmanian Minister for Building and Construction Sarah Courtney said the State Government is focused on maintaining the positive momentum in Tasmania’s construction industry.

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“This is fantastic news and confirms the Tasmanian Government’s initiatives to help build intergenerational infrastructure and increase housing supply are working,” Courtney said.

“The value of building work done increased by 10.2 per cent, making Tasmania the fastest growing state, and bringing the total work done over the year to March 2019 at nearly $1.7 billion.

“Over the same period, engineering construction work grew 20.6 per cent over the year to March 2019 quarter, which was also the strongest growth rate in the nation,” she said.

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