According to GlobalData, the value of Australia construction market is forecast to decline by 2.7% in real terms in 2023, having decreased by 0.4% in 2022. A key growth market will be the infrastructure market, with output rising by 3.8% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.

Here are the top five multi-family housing construction projects that commenced in Australia in Q4 2023, according to GlobalData’s construction projects database.

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1. St Leonards Complex Development

The project involves the construction of a residential community comprising five buildings with 323 apartments on 1.26ha of land in Sydney, New South Wales.

Construction work started in Q4 2023 and is expected to be completed in Q4 2026.

The project aims to provide a connected ground place with an east-to-west site link creating a connection between Holdsworth and Canberra Avenues. Buy the profile here.

2. Cascade Residential Community

The project involves the construction of two 15-story residential towers comprising 224 apartments and 5 townhouses on 1.17ha of land in Robina, Queensland.

Construction work commenced in Q4 2023 and is expected to finish in Q3 2026.

The project’s main aim is to provide better residential facilities in the region. Buy the profile here.

3. Fitzroy Fitzroy Mixed-Use Complex

The Fitzroy Fitzroy project involves the construction of a nine-story mixed-use complex in Fitzroy, Victoria.

Construction work started in Q4 2023 and is forecast to complete in Q3 2024.

The project aims to capitalize on the demand for office space in Fitzroy, while also incorporating a mix of residential and retail space in the complex. Buy the profile here.

4. Pipis Bilinga Beachfront Development

The project involves the construction of an 11-story residential building in Pipis, Queensland.

Construction work commenced in Q4 2023 and is expected to be completed in Q1 2025.

The project aims to provide a new way of living with a seamlessly connected smart home that will enable comfort and convenience for residents. Buy the profile here.

5. Ophira Residential Complex

The project involves the construction of a nine-story residential complex comprising seven apartments on 0.11ha of land in Gold Coast, Queensland.

Construction work started in Q4 2023 and is expected to be completed in Q2 2025.

Buy the profile here.

For more details on the latest construction projects, buy the profiles here.

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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.