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The employment cliff facing Perth as the joint mining investment and residential construction booms unwind may have been brought forward, with a large number of planned apartment developments now mothballed. From The Australian:
A swag of West Australian developers are delaying apartment projects and even scrapping them altogether as demand softens and pre-sales slow to a crawl.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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