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 multi-family housing construction projects that commenced in Australia in Q3 2024, according to GlobalData’s construction projects database.
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1. Harbour Shores Precinct
The project involves the construction of 30 residential towers ranging from two to 12 stories with 2,000 units on 15.7ha of land in Biggera Waters, Queensland.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The project is targeting the 6-Star Green Star community.
2. Carrington Place Residential Community
The project involves the construction of five buildings between eight to 12 stories residential community comprising 771 apartments on 3.2ha of land in Castle Hill, New South Wales (NSW).
Construction work commenced in Q3 2024 and is expected to finish in Q1 2032.
The project aims to become one of Sydney’s most sustainable urban communities. Buy the profile here.
3. Kinma Valley Residential Community
The project involves the construction of a residential community in Brisbane, Queensland.
Construction work started in Q3 2024 and is forecast to complete in Q4 2028.
4. Marquet & Mary Mixed-Use Tower
The project involves the construction of a 23,053m2, 32-story mixed-use tower in Sydney, New South Wales.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
5. Trielle Apartment Complex
The project involves the construction of a 45-story apartment building comprising 191 apartments at 16 Point Park Crescent in Docklands, Victoria.
Construction work started in Q3 2024 and is expected to be completed in Q3 2027.
For more details on the latest construction projects, buy the profiles here.
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