Firstly, we’d like to wish all of our followers a very Happy New Year. We hope that you had an enjoyable break and that the batteries are re-charged for the year ahead!
2019 was a bumper year for the engineering and construction industry and 2020 is set to be even bigger.
CGC are back at it like Christmas never happened and in this edition of the newsletter we have a market update from Martin Smallshaw
On the social scene, Stewart will take you through the recent goings on within the business.
Industry Outlook 2020, Martin Smallshaw
The end of 2019 was an exciting time to be in the construction industry with some big names moving around and securing new roles ready for a new year and a new challenge. This has been notable within the consultancy design space but also seen right across the market. New offices are opening and new leaders are acquired to steer the ships. Yet despite the usual quiet period of school holidays, 2020 has started with a boom, many of the big players haven’t finished yet and the market is busy and we can only see it getting busier! Markets we expect to see growth in throughout 2020 and likely for the foreseeable future consist of; Mission Critical, Defence, Age Care, Healthcare and Education, all having healthy investments from both the public and private sectors.
Adelaide is earmarked for some impressive and well deserved construction growth over the coming years and that’s being seen in a number of big consultancy players looking to expand their presence in the area. The Mission Critical space globally is already booming with new and old companies requiring safe places to store their sensitive data, and it has no sign of slowing down! Adelaide will feel the positive impact of this with the vast land that’s available to house these mega facilities on. The renewables and defence markets are also poised for booms to also help Adelaide flourish, such as wind farm, solar farms and a large government defence budget, much of which is said to be put aside for fit-outs and refurbs of bases and barracks, many of which again are in the SA region. The 2019–20 budget provides $38.7 billion for defence, equivalent to 1.9% of GDP. Both major political parties have committed to increase spending to 2% of GDP by 2020–21. Noting spending has increased steadily since the 2013–14 budget, when it was at 1.59% of GDP and given the current global climate, this is likely to continue.
Its all very positive here in the Australian Construction industry, and here’s to many more years ahead of us! Happy New Year from me.
Everyone has returned energised and focused with social activity at a minimum.
Some took the opportunity to sit harbour side to see the New Year in with the Fireworks whilst others ventured further to New Zealand, the UK, Singapore and Thirroul. The Famous Sydney to Hobart race chose a picture perfect day to set off as a select few tackled the heat and the crowd’s to find a suitable vantage point.
Australia Day is upon us; a good time to reflect on Australian history (it’s high’s and it’s low’s). CGC will be celebrating the nation, it’s achievements and most of all it’s people.
We would also like to recognise January’s CGC anniversarys: Danyelle Hines has been with CGC for 2 years now, Oliver Boote and Stewart Armstrong celebrated 3 years, Dan Kundi 5 years and David Hope in Brisbane 8 years and counting! Happy Anniversary everyone.
A few birthdays to mention, without ages as it’s becoming a sensitive subject for some of us!
John Ainge 8th Jan, Henry Pham 9th, Steve Morris 23rd, Jamie Ryde 25th and Christina Ryan on the 30th of January, Happy Birthday everyone.