GENERAL NEWS
SYDNEY remains the most expensive place in Australia in which to build, and while construction costs across Australia have increased, the country’s capital cities have...
That’s according to the 2024 Arcadis ICC Index, which covers 100 of the world’s large cities across six continents takes into account 20 different building types, including residential...
Sydney ranked at number 48, down 12 places from the previous year. Brisbane ranked at 51, Melbourne at 54, Perth at 62 (all down five places respectively), and...
Arcadis’ executive director of cost and commercial management, Matthew Mackey, said the falls in rankings were due to the challenge of rising inflation levels above 5%...
“Rising insolvencies and diminishing capacity has fuelled further construction cost escalation, and while this has not been at the peak of 2022, it has continued to...
Growth in national construction costs continued to stabilise in the first quarter of 2024, CoreLogic’s Cordell Construction Cost Index shows, but costs are still...
Nearly a quarter of all tax debt defaults are from businesses in the construction industry, according to CreditorWatch, That data picked up from Australian Securities and...
However, with markets stabilizing and inflation beginning to ease, the report suggests the recovery of the global construction sector is at a pivotal moment, with heightened demand...
London returns to most expensive
Enhanced specifications associated with safety and sustainability have been pushing prices upwards, causing London to overtake Geneva (2nd) in the...
The Arcadis report called out rapid acceleration of investment in the advanced manufacturing and technology sector, including data centres, saying the scale and...
“This will place a premium on productivity-led design, procurement, and construction to deliver projects at scale – and project teams need to be ready to adapt.”