The construction industry is a critical pillar of the Australian economy. It is the third largest industry, producing upwards of $437 billion in revenue and approximately nine per cent of the nation’s Gross Domestic Product in 2022. The sector has a projected annual growth rate of 2.4% over the next five years.
With investments in new and existing infrastructure projects in every state and territory, the Australian Government’s national rolling 10-year infrastructure investment pipeline will increase from $110 billion to $120 billion, a new record, significantly boosting the sector.
The 2022-23 Victorian Budget continues the State’s investment in a major pipeline of projects, with $85.3 billion in general government spending on infrastructure over the next four years.
However, the construction sector is facing significant challenges. Inside Construction Expo 2023 will provide the ideal environment to present and discuss answers to these issues:
- Workplace Wellbeing & Team Management
- Sustainability and Environment
- Digital Transformation and Connectivity
- Construction Productivity
- The Skills Gap: Training, Education, Recruitment and Careers
- Health and Safety