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Size of the Australian Construction Industry: Stats & Figures [2024]

We’ve reviewed the latest complete data from the Australian Bureau of Statistics to give you the latest stats about the Australian construction industry. The market size currently stands at $246.9 billion. Sector-Specific Data Trends Recent trends highlight significant growth within the Australian construction industry, propelled by various sectors. The market has experienced a particularly strong

April 28, 2024
AI in Construction: Stats, Facts & Figures – A Complete Round-Up

Construction sites were once synonymous with dust, noise, and physical labour. But the industry is transforming rapidly, and artificial intelligence (AI) sits at the heart of the revolution. From streamlining project management to revolutionizing safety, AI is changing the way we build. Here are the data points behind the story. Stats About Market Size Global

April 11, 2024
Construction AI: Market Value and Growth Predictions

The construction industry, a critical engine of global economic growth, is undergoing a remarkable transformation, spearheaded by the advancements and integration of Artificial Intelligence (AI) and automation technologies. This shift is not merely incremental; it signifies a paradigm change, promising to redefine traditional construction practices by boosting efficiency, safety, and productivity. AI in Construction The

April 11, 2024
Soaring Upfront Costs: Another Barrier to Ownership

While the steep rise in Australian house prices has caught many an eye, a less discussed but equally challenging issue is quietly exacerbating the homeownership crisis: the significant increase in upfront costs. A recent investigation by PropertyWiki sheds light on this underreported aspect, revealing an average increase of 18.62% in crucial services like building and

March 25, 2024