$9.6Billion for infrastructure in 2023
If your moving to, or in fact already live in Australia, there is many different variations of reasons why you would choose to live in any particular state, i.e; different climates, social values, terrain for hobbies, the wildlife.. There is a long list for this, However I Digress.
The construction industry is a major contributor to the Australian economy, with billions of dollars being invested in infrastructure projects across the country. As a result, there are many opportunities for construction professionals looking for work, with a range of projects underway in each of Australia's states.
Because you’re reading this post, I’m going to take a shot in the dark and assume you work in the construction industry or intend too! In conjunction with your other lifestyle reasons to choose which state you live in, the Construction economics and infrastructure budget should be considered in your decision so i have prepared this to help give an insight into some current projects and leave it to you to compare which state offers the most lucrative opportunities in 2023?
Starting; Sydney (NSW)
There are several major infrastructure projects underway, including;
· The Sydney Metro -$12bn
· The Western Sydney Airport -$5.3bn
· Westconnex Road tunnels -$16bn
· Parramatta Lightrail -$2.4bn
· Western Sydney infrastructure plan -$4.4bn
The cost of living in NSW is relatively high compared to other states, but the economy is strong and there are many opportunities for those working in the construction industry.
In Melbourne (VIC)
The major infrastructure projects include;
· The Melbourne Metro Tunnel -$30bn
· Westgate Tunnel Project -$10bn
· The Level Crossing Removal Project
· Austin Hospital & Northern Hospital Expansion -$1bn+
The cost of living in Melbourne is also relatively high, but the jobs market is strong and the quality of life is good often compare to London on a much more personal scale, always in competition with Sydney for best city to live in status’.
Brisbane (QLD)
Another state with a range of infrastructure projects underway;
· The Cross River Rail -$5.4bn
· Queens Warf Precinct -$3.6bn
· Brisbane Live Stadium -$2bn
· Brisbane Metro upgrade -$1.2bn
· The New Acland Coal Mine Expansion -$800m
The cost of living in QLD is relatively low, and outside of work life can be pretty laid back and beachside.There is huge mineral deposits throughout the state mining opportunities are also in abundance currently.
Darwin (NT)
The Northern Territory have several major infrastructure projects underway including
· The Middle Arm Sustainable Development Precinct -$2bn
· Construction new and refurbish housing, remote and urban areas -$897.2m
· For remote Aboriginal housing across the Territory -$690m
· Alice Springs to Darwin Rail Corridor Upgrade -$163m
· Carpentaria Highway -$142.8 million
The cost of living in NT is relatively low, but the job market conditions are mixed, often flocculating inline with mining demands.
It has a much smaller population than other states with harsher climates but compensates with raw untouched land and amazing wildlife.
Canberra (ACT)
The major infrastructure projects include;
· The Canberra Hospital Expansion -$500m
· Canberra Institute of Tech Woden Campus -$300m
· Athllon Drive Duplication -$47m
· The Canberra Light Rail Stage 2 -$60m
The cost of living in ACT is relatively high, and doesn’t offer the exotic wild life, the beaches or the social scene other city’s do. The Economy is strong, Crime is low the quality of education is some of the best on offer in Australia.
In South Australia (SA),
The major infrastructure projects include;
· The North-South Corridor (part of 30year project) -$2.6bn
· The Marion Road – Anzac Highway to Cross Road -$200m
· The Adelaide Hills Productivity and Road Safety Package -$120m
· The South East Freeway Managed Motorways – Stage 2 -$60m
The cost of living in SA is relatively low, and the job market is always strong, making it a good option for those looking to work in the construction industry.
In Tasmania
Hobart and Launceston have several major infrastructure projects underway;
· Northern Roads Package stage 2 -$336m
· Freight Rail Revitalising -$96m
· The Northern Prison Development -$50m
· The Hobart City Deal -$30m
· The Launceston City Heart Project -$20m.
The cost of living in Tasmania is relatively low, life is calm and slower than most places and the job market is limited, with a small population and less demand for infrastructure across the island.
In Perth (WA)
The major infrastructure projects include;
· Metronet , across 16projects -$3.7bn
- Thomas Road – Dual Carriageway -$145m
- Regional Road Safety Upgrades -$140m
- The Tonkin Highway – North Ellenbrook Interchange -$50m
The cost of living in WA is relatively high, but the job market is strong although it can also move depending on mining demands.
The quality of life is good, with a range stunning beaches to the front and quality bush for off-roading or prospecting just out back.
In conclusion, there are many factors to consider when deciding where to live in Australia if you're working in the construction industry. Some of the most lucrative states include Victoria, New South Wales and Western Australia, with strong job markets and a range of infrastructure projects underway.
However, each state has its own unique advantages and disadvantages, so it's important to weigh up the different factors and choose the state that's right for you.