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Value of construction work done

Economic insights

Value of construction work done

Economic insights
Preliminary data on the value of construction work done showed a 7.5 per cent increase in the year to March 2024, led by engineering work (+13.2 per cent), followed by non-residential (+5.2 per cent) and residential (+1.2 per cent).
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Latest insights
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13 Jun
Population update

The ABS released its new population data for Australia and the states and territories, for the final quarter of last year. We now have the full calendar year 2023.

13 Jun
Housing finance

Lending for new home purchase and construction grew by 9.0 per cent in the month of April from very low numbers in recent months.

31 May
Monthly inflation data

Monthly inflation data showed a 3.6 per cent increase in the year to April 2024.

31 May
Building activity timeframes

The average build time in 2022/23 was 12.5 months for detached, 16.6 months for townhouses, and 33.2 months for apartments.