Construction costs rise as labour shortages worsen and demand grows
Turner & Townsend report finds AI infrastructure and data centre construction is worsening labour shortages across Australia's construction sector, pushing up costs as demand grows.
Why are construction costs rising in Australia and how will labour shortages affect my trade business?
Builders, electricians and plumbers face tighter labour markets and rising project costs as AI-driven construction competes for the same skilled trades.
Key takeaways
- AI infrastructure and data centre builds are competing directly with traditional construction for skilled tradespeople.
- Labour shortages are worsening across Australia's construction sector, according to Turner & Townsend.
- Rising demand combined with tight labour supply is pushing construction costs higher nationally.
- Tradies may find increased work opportunities but face pressure from higher wages and project delays.
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