The Australian Construction Industry Forum (ACIF) has released its Construction Market report saying that it expects the dollar value of construction work to increase by 2.8%, generating over $256 billion of opportunities in 2022/23.

Leading the way will be residential and engineering construction, creating an expected additional 35,000 jobs during 2022.

In residential the current boom in activity is expected to run for another two years as the value of work done increases by a further 2.0 percent in 2022/23 and 1.1 percent in 2023/24.

Meanwhile, engineering construction activity is set to surge amid a massive pipeline of transport projects, work on clean energy infrastructure and transmission lines in the energy sector and a recovery in mining work (see below).

Source: Link