Rising Costs and Labour Shortages Forecasted in Australia's Construction Sector
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Title
Rising Costs and Labour Shortages Forecasted in Australia's Construction Sector
Industry Body
Subject
The Construction Market Conditions Report predicts a surge in construction costs by 2027, with Brisbane leading at 10% increase. Labour shortages are expected to reach 300,000 by 2027. Infrastructure projects like renewables and water infrastructure will drive the cost cycle, urging investments in skills and innovation to meet demand.
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