Below is an executive summary of the 2021 Construction Industry Trends, Predictions & Salary Guide. For full analysis and insights into jobs in high demand, key projects, and what these trends can mean for you, download the 20-page guide here.
The public sector is set to bolster construction in 2021, with government efforts to restore the economy with infrastructure, education, social housing, corrections and healthcare projects to lead the charge.
In the private sector, growth in the eCommerce industry means there will be ongoing opportunities for industrial projects such as warehouses and fulfilment centres.
The tourism and entertainment industries will also be keen to get back up and running after a very quiet 2020, and key projects like the AFL’s Marvel Stadium upgrade will restore confidence for developers and other stakeholders.
Government spending on vital infrastructure projects like the Seqirus vaccine plant at Tullamarine and the new Footscray hospital will be public projects to watch, topping out the big-budget builds of the year.
Other state-funded projects will have smaller budgets of $100m and less, with the government favouring smaller projects that take less time to be shovel-ready.
Other private sector projects to watch will be in the build-to-rent space, like Grocon’s Richmond Quarter development.
Construction employment is not expected to return to pre-pandemic levels just yet. Site Managers, Estimators and Contracts Administrators will be in demand this year, and with lower headcounts onsite, these roles will also be competitive.
Builders will need to work hard to secure contracts, and will also need to showcase themselves to attract the right talent to lead jobs.
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