ABN Group managing director Dale Alcock. “The demand will be there over the long term, but we’ve got a little bit of pain to get through in the interim…The next two years in WA there will not be an increase in lot pricing,” Mr Alcock said…The same is true for housing prices on the labour side. We are now seeing available labour coming back into the market as our housing production is slow. We are also getting workers returning back to our industry from the mining and resources industry.”
…”I call it [the painful period] two years for lack of anything better to really reference,” he said. “What that means is we’re already probably nearly on 12 months into an adjustment.”
From the AFR:
ABN Group managing director Dale Alcock. “The demand will be there over the long term, but we’ve got a little bit of pain to get through in the interim…The next two years in WA there will not be an increase in lot pricing,” Mr Alcock said…The same is true for housing prices on the labour side. We are now seeing available labour coming back into the market as our housing production is slow. We are also getting workers returning back to our industry from the mining and resources industry.”