Construction Slowdown Predicted
Australia’s construction sector is predicted to slow down with forecasts released indicating high-rise construction will halve over the next decade, according to The Reserve Bank of Australia.
“The established housing markets in Sydney and Melbourne had remained the strongest in the country although conditions had eased since late 2016. Housing prices in Perth had declined further, while apartment price growth in Brisbane had been weak” the board said.
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Article reported by The Urban Developer on 15 August 2017.