GENERAL NEWS
AUSTRALIA’S construction industry is expected to contract by 2.6% in 2023 as rising inflation and labour constraints continue to...
Global construction consultancy, Linesight’s Q1 2023 Australia Commodity Report also shows an overall levelling of...
Prices are predicted to remain broadly flat with only slight upward trends in the June quarter...
Despite stabilising prices, Australia’s construction industry is headed for more contraction this year, but the long-term outlook is...
Brian Coyle, director at Linesight Australia, said rising interest rates and high inflation continue to impact the...
“Many construction firms, mainly at the subcontractor level, are struggling in an environment of rising inflation and labour constraints, with...
“To recover this issue, we believe there is a critical need to rethink contracting and tendering frameworks.”...
The residential sector’s persistent difficulties are also weighing on growth. Housing demand is softening due to the...
The declining residential construction will continue weighing on materials prices. Lumber prices rose marginally in the...
Strengthening demand in China and low global copper inventories drove copper prices up by 6.4% in the first three months of...
Steel prices jumped by more than 10% during the quarter as a result of demand in China and robust demand in the Australian civil engineering sector...
Despite the construction industry’s challenges, there are bright spots in the infrastructure and institutional sectors...
The report noted industrial sector is seeing federal and state governments bring critical healthcare and vaccine manufacturing facilities into the...
Linesight expects to see additional impact from the growing emphasis on sustainable practices, with many projects seeking...
“This generally involves using more sustainable and/or alternative materials, which in some cases will have higher upfront costs during the...