New research has identified construction services as one of Australia’s most robust growth sectors, with New South Wales solidifying its position as the nation’s primary industrial hub.
A comprehensive 10-year study by business service provider Honcho, analysing data from 440,000 businesses, reveals that construction services have expanded by 29 per cent over the past decade.
This growth trajectory has propelled the industry to become the sixth fastest-growing sector in the Australian economy.
While the national trend is upward, the data highlights a significant geographical concentration, with New South Wales currently hosting 32 per cent of all construction businesses in Australia.
This concentration is most visible in the NSW suburb of Guildford, which has emerged as the fastest-growing industry hub in the country.
Industry analysts suggest this dominance reflects NSW’s ongoing commitment to large-scale local development and infrastructure improvements.
The state also leads in related fields, holding a 27 per cent national share of professional, scientific, and technical services.
Miralda Ishkhanian, COO at Honcho, noted that consumer behaviour and policy initiatives are driving these shifts. While transport and healthcare lead the pack in pure percentage growth, the steady climb of construction services underscores a “brick-and-mortar” resilience.
“This data underscores a shift in consumer behaviour and social changes in Australia,” Ishkhanian said.
“Businesses are increasingly built around delivering services directly to people’s homes… [and] traditional in-person and goods-based models are facing new pressures.”
The 2.5 per cent increase in year-on-year business registrations nationwide—as reported by the Australian Bureau of Statistics—is being felt acutely in the construction sector.
In NSW, the influx of new business registrations suggests a high level of confidence in the state’s development pipeline.
However, the industry faces competition for the “growth spotlight”.
While construction remains a pillar of the NSW economy, other states are emerging as challengers in different sectors.
For instance, Victoria’s Craigieburn has seen a staggering 1,666 per cent growth in transport and warehousing, suggesting that the geographical “hubs” for Australian industry are becoming increasingly specialised.
