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National health, aged care investment remains on the rise: report

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Health investment is expected to contribute to growth in the short term in NSW.
Health investment is expected to contribute to growth in the short term in NSW.

Health and aged care investment has ramped up in recent years and is foreshadowed to remain at relatively high levels when looking at the national picture, according to the most recent Australian Construction Industry Forum (ACIF) Forecasts report.

However, the picture in the states will differ as big hospital projects which are underway in Brisbane, the Gold Coast, Sunshine Coast and Mackay, as well as Sydney, Melbourne, Perth and Adelaide, are completed at different times.

In New South Wales, health investment is expected to contribute to growth in this sector in the short term, while in Queensland contraction is expected, with the current major projects to be completed and not replaced.

Source: Australian Construction Industry Forum
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