Victoria Continues to Lead the Construction Pipeline

CoreLogic construction figures for July, compiled by commercial research analyst Eliza Owen, estimate that the value of construction entering the pipeline in July was $21.7 billion. This is 18% lower than the previous month, however, it is still well above the 12 month average of $14.6 billion per month.

As with June, the high construction value of new pipeline projects in July was largely due to a single, civil engineering project in Victoria. In June, it was an $8 billion wind farm…