Growth and profitable opportunities in Australia’s non-residential building sector
A newly released report ‘Building in Australia 2018 – 2033’ by BIS Oxford Economics, forecasts that the growth of Australia’s building activities will continue long-term, with increasingly profitable opportunities for builders, architects, engineers and contractors.
In the five years leading up to 2017/18, building activity throughout Australia increased steadily. Today, the nation’s total building activity is forecasted to gain further momentum, projecting a 10 percent increase over the 2029 to 2033 period, with the non-residential sector being the strongest.
In 2017/18, non-residential building starts surged 20 percent to a record $46.38 billion. With a number of major projects cued to break ground, further growth is expected in 2019/20, reaching an estimated $48.69 billion. These projects are forecast to deliver elevated levels of non-residential building activity for at least the next five years.
The rise in demand for non-residential construction is driven by the need for more office, retail, warehouse, educational, health and aged care spaces – a result of Australia’s current economic conditions and evolving communities. Over the next two years, office retail and warehouse projects are projected to reach high levels of turnover due to economic growth, improving employment conditions and wage increases.
Linked with economic conditions is the evolution of Australia’s communities, which are similarly fuelling the growth spurt in non-residential needs. The increasing over-65-years demographic is propelling demand for health and aged care services. Conversely, Australia’s growing demographic of under-25-year-olds is pursuing formal education more than ever. Underpinned by increases in foreign students requiring accommodation, and middle-aged re-enrolment, these trends caused education construction projects to rise.
With these factors fuelling continued and long-term growth, non-residential building is a rare source of untapped potential with a highly profitable outlook. CSR Gyprock has become an ally for architects, specifiers and design professionals over the years, with offerings including DesignLINK, which aims to support the demand for quality construction.
DesignLINK is a team of professionals, including builders, engineers, designers and architects, working to support the specification of Gyprock products in projects across Australia. DesignLINK partners with clients to workshop complex design issues, provide value engineering, rationalise system specifications and deliver better building performance. The team assists with the selection of the right wall, ceiling and flooring system solutions, backed by fire and acoustic reports and opinions, in accordance with the Building Code of Australia and other relevant Australian Standards.
A range of services from technical support for architects and designers, to installation guidance for builders and contractors, is available through DesignLINK via the newly redesigned Gyprock website.
The DesignLINK suite of tools to support estimating and specification, include:
- The Red Book – The plasterboard industry’s most widely recognised design guide, with 442 pages of best-in-class performance detail and technical guidance for selecting fire, acoustic and thermal wall, ceiling, column and beam systems.
- System selector – A digital database of wall and ceiling systems, searchable by specific project guidelines, via the Red Book Companion. This tool matches users with the perfect system based on their unique project, and recommends alternative options selected for performance criteria.
- Test reports – Available on request to back up the performance statistics of CSR Gyprock systems.
- Specification templates – A library of templates that streamline the process for specifying plasterboard wall and ceiling products, customised to wall type and material.
- DWG and Revit Files – Time-saving and original resources enabling designers and architects to generate building models with unprecedented levels of detail.
- eConcepts – A quarterly architectural digital newsletter with news and information for architects, engineers, and other design professionals, featuring five-minute reads on current industry topics and the latest industry advancements.
- Case studies – Articles detailing Gyprock’s capabilities in servicing major projects.
- Estimating and design tools – An extensive assortment of estimation and design resources including design calculators, installation guides, how-to videos, data sheets, and an acoustic predictor for wall systems.
DesignLINK is ultimately engineered to support the total process of construction, from initial planning, drafting, and product selection, through to building. As the non-residential construction market is primed for growth, it’s an essential resource for architects and engineers.
For more information visit the Gyprock’s website at www.gyprock.com.au.
Images courtesy of Gyprock.