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Australian stats show jump in Victoria’s construction

25 Aug 16 Construction activity in the Australian state of Victoria has bucked the national trend by increasing 9.8% in the year to June 2016.

The state says it is 鈥渙fficially Australia鈥檚 construction engine room鈥 with the 9.8% spike of AU$939m (拢541m) in activity for the year. In contrast, activity throughout the nation fell by 10.6 per cent during the same period.

Western Australia dropped 39.5%, followed by Queensland down 6% and Tasmania, which fell 4.2% in the same period.

The latest construction figures released by the Australia Bureau of Statistics show Victoria鈥檚 construction growth gained significant momentum in the June quarter with a rise of 5.2%, following a March increase of 1.4%. Nationally, there was a 3.7% drop for the quarter. The data confirms four consecutive quarterly increases in construction activity in Victoria.

The figures were driven by engineering construction and detached residential housing, fuelled by the state鈥檚 population growth and the state government鈥檚 strong infrastructure pipeline.

Treasurer Tim Pallas said: 鈥淭hese figures reaffirm the demand across the state for commercial, public, and residential infrastructure to cater for Victoria鈥檚 increasing popularity as Australia鈥檚 destination state and the place to do business.鈥

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