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 hospital construction projects that commenced in Australia in Q2 2024, according to GlobalData’s construction projects database.
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1. New Women and Children Hospital
The project involves the construction of a new women’s and children’s hospital in Adelaide, South Australia.
Construction work started in Q2 2024 and is expected to be completed in Q4 2031.
The project aims to provide direct access to babies, children, and women to an adult intensive care unit and to the RAH’s helipad significantly reducing the risk of transferring maternity and neonatal emergencies. Buy the profile here.
2. New Toowoomba Hospital
The project involves the construction of a hospital on 75ha of land in Baillie Henderson, Queensland.
Construction work commenced in Q2 2024 and is expected to finish in Q2 2027.
The purpose of the project is to meet the growing healthcare needs in the region. It will create 3,127 construction jobs. Buy the profile here.
3. Flinders Medical Center
The project involved the upgrade of Flinder’s Medical Centre with 160 new beds in Bedford Park, South Australia.
Construction work started in Q2 2024 and is forecast to complete in Q4 2028.
4. Mackay Base Hospital Expansion
The project involves the expansion of Mackay Base Hospital with 128 additional beds in Brisbane, Queensland.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2026.
The aim of the project is to expand the hospital to provide better healthcare facilities. It will create 610 construction jobs.
5. Peninsula Private Hospital Expansion
The project involves the expansion healthcare facilities on 1.46ha of land in Brisbane, Queensland.
Construction work started in Q2 2024 and is expected to be completed in Q1 2025.
The project aims to meet the growing demand for healthcare services in the North Brisbane region. Buy the profile here.
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.
