According to GlobalData, the value of Australia construction market is forecast to decline by 2.7% in real terms in 2024, having decreased by 0.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.8% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five leisure and hospitality building construction projects that commenced in Australia in Q2 2024, according to GlobalData’s construction projects database.
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1. Moxy Sydney Pitt Street Hotel
The project involves the construction of a 34-story, four-star hotel with 314 rooms in Sydney, New South Wales.
Construction work started in Q2 2024 and is expected to be completed in Q3 2025.
The hotel podium will be built with recycled bricks.
2. Avani Mooloolaba Beach Hotel
The project involves the construction of a 13-story, 4.5-star hotel comprising 180 rooms on 0.29ha of land in Maroochydore, Queensland.
Construction work commenced in Q2 2024 and is expected to finish in Q3 2025.
The project aims to provide better hospitality facilities in the region. Buy the profile here.
3. 17-21 Lachlan Avenue Student Accommodation Complex
The project involves the construction of a 17,163m2 student housing complex with 732 beds in three buildings of 10, 13 and 15 stories in Sydney, New South Wales.
Construction work started in Q2 2024 and is forecast to complete in Q4 2025.
4. Gold Coast Campus Tower
The project involves the construction of an 11-story student accommodation tower comprising 459 student rooms in Gold Coast, Queensland.
Construction work commenced in Q2 2024 and is expected to be completed in Q3 2026.
The project aims to provide a better landmark building for campus living villages and sustainable building targeting a five-star Green Star rating and WELL Gold certification and will support the community to accommodate 1,000 students in the region.
5. Adelaide Little National Hotel
The project involves the construction of a 23-story hotel with 240 rooms in Adelaide, South Australia.
Construction work started in Q2 2024 and is expected to be completed in Q4 2025.
The project aims to provide better hospitality and leisure facilities in the region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
