Construction cost escalation remains, in most markets, well above historical averages.
This continues to be accompanied by record or near-record highs in construction activity, but some drivers of escalation are not necessarily linked to the peak volumes of work.
How can this perplexing situation be reconciled? And what are the implications of the recent escalation in the US-led trade war for the economy, construction and cost escalation?
In the June 2025 edition of the Australian Construction Market Conditions Report, we explore all these questions and more.
About the report
Our economic analysis focuses on cost escalation from a broad market perspective of national, state and sector trends in building and infrastructure, offering unparalleled insight into Australia’s construction sector.
Download Australian Construction Market Conditions Report June 2025 (PDF) 2.44 MB