2022 has been a year of significant investments for Australia, which is no different for Victoria. In addition, the incentives to people migration and welcoming skilled workers from overseas have been creating a population growth that implies a lot of opportunities becoming available.
In this article, we will talk about the growth experienced in Victoria over the last few months and what the expectations are for the following years.
Did you know that Victoria's construction industry employs almost 240,000 people and contributes $21.6 billion to the Victorian Economy?
These three key areas are transforming the construction sector scenario in the state at the moment:
The industry is booming right now within the state, led by build-to-rent (BTR), data centres, Infrastructure development (Melbourne metro) & new commercial office space, which in turn drives large-scale, high-value refurbishment of premium CBD assets.
Our suburbs are also seeing a high level of retail refurbishment, in line with the higher volume of weekday foot traffic driven by working from home. Shared workspace in the suburbs is also on the rise and utilised by those who work from near their home as opposed to travelling into the city.
Suburbs within proximity to new and redeveloped stations are also under construction. An example of this would be St Kilda Road, which for several years had been on the decline, is once again in demand due to the new Shrine station. Refurbishment, apartments, and retail are all benefactors of this revitalisation.
To search for jobs within the Commercial Construction industry, click here.
Major infrastructure projects are driving new pockets of residential growth, opening many opportunities for professionals within the field and architects as well.
High-end residential is also booming. The majority of these projects take shape in areas such as Kew, Camberwell, Hawthorn, Toorak, Armadale, Malvern & the Mornington Peninsula.
If you are looking for Residential Construction opportunities, click here.
For Architecture & Interiors, go here.
The Victorian Government projects Melbourne to be Australia's largest city by 2030, which will demand significant infrastructure investments. These projects – for residential, non-residential, and engineering construction – include urban renewal and large investments across health services.
Civil contracting is, of course, driven by all that growth plan, with massive shortages across site engineering and supervision, primarily due to three mega projects:
To see engineering jobs available right now, click here.
To complement that growth by 2030, Victoria's Government needs a complete public transport network to meet the needs for years to come, creating long-term opportunities for workers, businesses and investors.
The Victorian Government has also committed to several major rail projects, including a new, nine-kilometre, underground, high-capacity rail tunnel servicing Melbourne's south. Rail Project Victoria (RPV), a project group of the Major Transport Infrastructure Authority, is delivering more than $30 billion invested in metropolitan and regional rail projects.
To see jobs available within the rail industry, check here.
Victoria concentrates on one of the largest Manufacturing and Pharmaceutical markets across Australia, and the industries are only expected to grow over the following years.
Manufacturing's desk is currently growing with needs for materials for construction as the pharmaceuticals are basing off new facilities for vaccine production and further development.
To check jobs available right now within both industries, click here.
All content copyrighted | Privacy Policy | Cookie Policy | T&Cs | Powered with 🤍 by Shazamme