Tackling costs in the digital age
The relative ranking of Australian cities against 47 other global cities in the latest Arcadis International Construction Costs report reflects that growth narrative, with Brisbane, Sydney and Melbourne sitting in the top half of those analysed for cost of construction. Australia’s construction costs have been traditionally high in comparison to other global cities due to the country’s geographic isolation. Compared to Europe and the Americas, there is far less private sector competition to complete construction work and these companies import most of their construction materials, which can fluctuate in price significantly due to the impact of the strength of the Australian dollar and taxes.
Read the report to find out how the changing costs have Australia’s biggest cities, and how cost certainty through digitally enabled techniques can help.
For the first time this year, three Australian cities have been included in the International Construction Cost report, allowing us to compare cost of construction not only internationally, but at a local level.
Click the hotspots to read a short overview, and download the report for a full construction cost profile on each city.
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