State of the Non-Residential Building Market in Victoria: A 2024 Overview and 2025 Outlook Melbourne, Victoria – As 2024 draws to a close, the non-residential building market in Victoria is showing signs of resilience and some growth. Despite the challenges posed by the COVID-19 pandemic and subsequent economic downturns, the sector has managed and adapted to…

Defunct stations would be rebuilt, new train tracks laid and two brand new train fleets bought to achieve the Coalition’s $19 billion “European-style” fast regional rail plan. On Wednesday, Liberal leader Matthew Guy promised that if he wins the November election, trains will zoom to regional areas at 200km/h, services will run express to Geelong,…

Home building across Australia’s housing markets has peaked as the total number of homes commenced by the nation’s top builders starts winding down, a report by the Housing Industry Association shows. While building activity in 2017-18 was the strongest year on record at 222,000 new home commencements nationally, the total number of new homes built…

Infrastructure to offset housing & push tender prices higher Surging infrastructure demand will keep construction costs high across eastern and southern Australia this year even as the residential construction boom comes off, WT Partnership’s latest report shows. Infrastructure tender price growth of up to 7 per cent next year – driven by projects such as ongoing road and rail work…

The Victorian Government has unveiled the detailed designs for the State’s biggest-ever road project, the $15.8 billion North East Link. And with the reference design now complete, the Government says it will put the project out to market within 100 days of it being re-elected in November’s State poll. In response to community feedback, the new design…

The Victorian Government has this week opened a Registration of Interest (ROI) process seeking businesses, investors and constructors to help deliver the Melbourne Airport Rail Link. If re-elected, the Andrews Government says it will commit up to $5 billion to the project, which will run from the CBD to the airport via Sunshine. The full…

Carrum Downs, a suburb within the city of Frankston has in recent years quietly enjoyed steady growth while flying under the radar. That was until recently when the suburb was highlighted as an affordable pocket of Melbourne to invest in. Within the last 12 months, Carrum Downs has experienced rapid growth, with house prices jumping…

With the Victorian Government addressing the need for many of the state’s schools to be refurbished to bring them up to standard, many main contractors are now switching their sights back to the education sector as s a lucrative industry. Below are 7 projects currently close to (or currently calling for) tenders, with works to…