Construction work done 'eases'
Construction work done eased by -0.1 per cent in the December quarter for a modest decline, although the September quarter was revised up a little.
Engineering construction pulled back in the December quarter, but much of the recent unwind relates to a previous spike in capital investment in the Northern Territory.
In reality, there is still a volume of activity happening across resources and infrastructure projects, while there also appears to be a rotation from public sector into private sector activity.
The value of house construction work done eased a little in the December quarter, with Perth the only major city which has experienced an increase in homebuilding.
On the other hand, the value of work done on attached dwellings such as townhouse and apartment projects continued to recover throughout 2025.
Overall, the value of residential construction work done increased by 8 per cent in 2025 to $27 billion.
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In other news, RBA Governor Bullock took the opportunity for a 'fireside chat' update yesterday at a dinner in Melbourne.
The tone of the chat appeared to be fairly sanguine, with seemingly few concerns that inflation is going to 'get away' from the central bank.
Market pricing is looking for a potential further interest rate hike at the May 2026 meeting.
Source: ASX
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