Inflation, high borrowing costs, record rates of insolvencies, unpredictable geopolitics and pipeline uncertainty mean construction leaders can’t rely on the past to predict the future. How, what and where Australia builds is changing, Slattery’s March 2024 Market Update reveals.

Inflation, interest rate hikes and insolvencies have been a consistent story over the course of 2023, but the biggest challenge ahead is labour costs, according to Slattery’s latest Market Update.

This update examines how Australia’s construction market is responding to both macroeconomic forces and market-specific issues. Slattery covers primary cost pressures and provides a state-by-state commentary on the factors influencing costs, and examines market-specific issues.

 The current market is characterised by changing supply and demand dynamics. Economic headwinds are blowing and there is some nervousness in the market that we expect will play out from mid-year onwards.  In this update, Slattery examines how Australia’s construction market is responding to macroeconomic forces and market-specific issues. We cover primary cost pressures and provide a state-by-state commentary.

This paper Slattery examines how Australia’s construction market is responding to macroeconomic forces and market-specific issues. We cover primary cost pressures and provide a state-by-state commentary.

This paper covers cost escalation, procurement, and contractor stability, and provides a state - by - state overview.