Australia’s Construction Pipeline is Worth $25bn

More than 2000 new projects entered Australia’s construction work pipeline with a combined worth of $25 billion in November.
November’s total estimated $25 billion value for new projects is down 16 percent on the previous month, however, Corelogic research shows the value of new projects is nearly double the three-year median value “indicating continued strength in construction applications”.
A total of 2,210 new construction projects entered the nation’s pipeline of work last month, with Corelogic data revealing this figure was slightly below the yearly high of the 2,292 projects recorded in October this year. Continue reading here

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