Report Highlights Industry’s Economic Impact
MELBOURNE — Victoria’s construction materials industry is crucial to the state’s housing and infrastructure goals, according to a report by Cement Concrete & Aggregates Australia (CCAA) released this week. The industry contributed $3.17 billion to Victoria’s Gross State Product in FY24/25, supporting 15,637 jobs, CCAA confirmed.
The report emphasises the importance of cement, concrete, and aggregates in fulfilling the Victorian Government‘s ambitious targets, which include building 800,000 new homes and completing major transport projects like the North East Link and Melbourne Airport Rail Link. CCAA CEO Michael Kilgariff warned that disruptions in materials supply could delay projects and impact housing affordability.
Growing Demand and Future Challenges
With urban growth and a significant infrastructure pipeline, Victoria is a hub for construction materials activity. The state’s shift towards higher-density housing and extensive transport construction is expected to increase the demand for high-strength and precast concrete products. Kilgariff highlighted the necessity of ensuring access to quarry resources to maintain progress on these vital projects.
As Victoria continues to pursue its growth ambitions, coordinated long-term planning for construction materials is imperative, the report suggests. Recognising these materials as essential enabling infrastructure is key to meeting the state’s future housing and infrastructure needs.
The report calls for innovative approaches to recycling and reusing materials to ensure sustainability and reduce environmental impact. By adopting green building practices and investing in technology, the industry can not only meet demand but also adhere to environmental standards. The Victorian Government is encouraged to support initiatives that promote sustainable use of resources, thereby securing a stable supply chain for future projects.
The construction materials sector must adapt to evolving market conditions and regulatory landscapes to remain competitive and effective. Strategic partnerships and investments in research and development will be essential for overcoming challenges and leveraging opportunities to support Victoria’s expansive growth plans.
Source: newshub.medianet.com.au
Last updated: 29 June 2026, 12:40 pm
