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Infrastructure identified as future investment focus
New research released by ANZ has pointed to infrastructure as being one of the few remaining areas for large-scale capital investment on the part of financial services companies over the next 15 years.
The research, ‘Servicing Australia's Future' is the seventh instalment in the ANZ Research In-Depth series conducted for ANZ by the University of Queensland and the Australian Institute of Business economists.
It looks at what Australia will look like by 2030, and has confirmed a move away from the resources boom and towards a services-based economy with the strongest growth in the education and health sectors.
It said that with the end of the mining boom it expected that investment into new areas such as technology and research and development would be smaller in scale in comparison with mining, but also more frequent.
"So financial services providers will have to adapt to this new landscape," the ANZ research said.
It said one sector which was likely to be an exception to this new pattern was infrastructure and that there would be "no shortage of opportunity because Australia's infrastructure requirements continue to grow".
"Transport infrastructure will probably remain the primary focus, but hospitals and universities will require substantial investment too, particularly given the strong growth outlook for these sectors," it said.
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