Solid Growth Ahead For Landscaping
The landscape construction sector in Australia appears to be set to maintain respectable levels of growth throughout the foreseeable future.
Last year, the value of building and engineering work done on entertainment and recreation facilities – the best available measure of activity for the landscape sector – amounted to $5.796 billion, according to the Australian Bureau of Statistics(ABS).
This year, that number is expected to rise to $6.024 billion, according to estimates from the Construction Forecasting Council (CFC). By 2014/15, the CFC expects activity to have reached almost $7 billion ($6.947 billion).
Significant Statewide Developments
Most of that growth is expected to come from the eastern states, with activity set to fall away in South Australia and Western Australia.
According to CFC forecasts:
• Helped along by work associated with the Civic Place Parramatta Gateway Project along with a respectable range of smaller projects beginning this year and next, activity in New South Wales/ACT is expected to grow from $1.678 billion to $1.874 billion this year on the way to reaching $2.165 billion by financial year 2013/14.
• Queensland is expected to receive a significant boost next year from the redevelopment of RNA Showgrounds ($2.35 billion), with the value of work expected to increase by 20.24% this year from $1.309 billion to $1.574 billion before peaking at $1.819 billion in financial year 2012/13.
• Activity in Victoria will surge from $930.1 million to $1.205 billion this year, although most of this growth is coming from work associated the redevelopment of Melbourne Park, which relates more closely to sport rather than landscape.
Beyond that, with an absence of large dollar value projects, the state is set for slow growth at best until an expected boost from work associated with the Lockerbie Maspterplanned Community project at Kalkallo.
• With few significant dollar value projects on the horizon, activity in Western Australia is set to plummet from $1.038 billion last year to $786.1 million this year and remain flat thereon after.
• Likewise in South Australia, despite the creation of a new country town at Buckley Park this year ($4 billion) and the Wakefield Waters Residential/Marina Development ($1 billion) scheduled to start in mid 2012, the value of work is set to drop from $587.4 million to $401.5 million this year and remain flat thereon after.
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Last year, the value of building and engineering work done on entertainment and recreation facilities – the best available measure of activity for the landscape sector – amounted to $5.796 billion, according to the Australian Bureau of Statistics(ABS).
This year, that number is expected to rise to $6.024 billion, according to estimates from the Construction Forecasting Council (CFC). By 2014/15, the CFC expects activity to have reached almost $7 billion ($6.947 billion).
Significant Statewide Developments
Most of that growth is expected to come from the eastern states, with activity set to fall away in South Australia and Western Australia.
According to CFC forecasts:
• Helped along by work associated with the Civic Place Parramatta Gateway Project along with a respectable range of smaller projects beginning this year and next, activity in New South Wales/ACT is expected to grow from $1.678 billion to $1.874 billion this year on the way to reaching $2.165 billion by financial year 2013/14.
• Queensland is expected to receive a significant boost next year from the redevelopment of RNA Showgrounds ($2.35 billion), with the value of work expected to increase by 20.24% this year from $1.309 billion to $1.574 billion before peaking at $1.819 billion in financial year 2012/13.
• Activity in Victoria will surge from $930.1 million to $1.205 billion this year, although most of this growth is coming from work associated the redevelopment of Melbourne Park, which relates more closely to sport rather than landscape.
Beyond that, with an absence of large dollar value projects, the state is set for slow growth at best until an expected boost from work associated with the Lockerbie Maspterplanned Community project at Kalkallo.
• With few significant dollar value projects on the horizon, activity in Western Australia is set to plummet from $1.038 billion last year to $786.1 million this year and remain flat thereon after.
• Likewise in South Australia, despite the creation of a new country town at Buckley Park this year ($4 billion) and the Wakefield Waters Residential/Marina Development ($1 billion) scheduled to start in mid 2012, the value of work is set to drop from $587.4 million to $401.5 million this year and remain flat thereon after.
Visit http://www.designbuildsource.com.au for more information on Architecture | Construction | Engineering
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