MARKETS

In general, the value of Australia construction market is forecast to decline by 2.7% in real terms in 2024, having decreased by 0.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.8% in real terms.

Here are few major hospital construction projects that have either recently commenced construction or have been completed.

Ryde Hospital Redevelopment

The project involves the redevelopment of the Ryde Hospital campus into a state-of-the-art facility in Eastwood, New South Wales. Construction work started in Q3 2024 and is expected to be completed in Q4 2027. The project aims to increase the number of beds and provide a world-class healthcare experience for the local community.

Eurobodalla Regional Hospital

The project involves the construction of a four-story health service facility in Eurobodalla Shire, New South Wales. Construction work commenced in Q3 2024 and is expected to finish in Q4 2027. The project site is located at the intersection of Keightley Street and Albert Street.

Werribee Mercy Hospital Emergency Department Expansion

The project involves the expansion of the emergency department from 33 to 67 treatment spaces in Melbourne, Victoria. Construction work started in Q3 2024 and is forecast to complete in Q4 2026. The project aims to double the capacity of the emergency department for the growing community and support an additional 25,000 patients per year. It will also provide a modern, state-of-the-art workspace for doctors, nurses, allied health workers, and support services, ensuring they can deliver the best possible emergency care.

Angliss Hospital Expansion

The project involves the expansion of a four-story hospital in Victoria. Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.

Gunnedah Hospital Redevelopment

The project involves the redevelopment of Gunnedah Hospital in New South Wales. Construction work started in Q3 2024 and is expected to be completed in Q4 2025. The project aims to redevelop the Gunnedah Hospital to provide new facilities and upgraded clinical services to service the Gunnedah community now and into the future.

Northern Hospital

A new emergency department with a paediatrics zone, mental health hub, and more inpatient beds.

Monash Medical Centre

A new tower with more inpatient beds, operating theatres, intensive care unit beds, and birthing suites.

Austin Hospital

An expanded emergency department and a new paediatric emergency department zone.

Craigieburn, Cranbourne, Phillip Island, and Sunbury Community Hospitals

These hospitals are expected to be completed in 2024.

City of Whittlesea, Pakenham, and Point Cook Community Hospitals

These hospitals are expected to be completed in 2025 and 2026.