BIS: Apartment boom to halve

Monday, 1 August 2016

Apartment building is set to to collapse 50 per cent over the next four years, according to forecaster BIS Shrapnel, with only Sydney set to buck the trend.

Its Building in Australia 2016-2031 report says national dwelling commencements have already peaked and will begin to decline in the second half of this year.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.