A surge in infrastructure work to prepare for the 2032 Olympic Games has given Brisbane the country’s highest hourly construction rate, which will only rise if regional labour constraints don’t ease, quantity surveying firm Turner & Townsend warns.
The Queensland capital recorded an average construction rate of $US66.66 ($99.80) an hour, putting the city’s migrant-dependent construction sector ahead of Sydney’s $US65.32 and Melbourne’s $US64.31, the consultancy’s International Construction Market Survey 2023 shows.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
