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In the wake of today’s disappointing Construction Work Done results from the ABS, which registered a large fall in residential building construction:
Macromonitor has released its latest Australian Construction Outlook, which forecasts a major slump in dwelling construction over the next two years, particularly in Sydney and Melbourne. From The AFR:
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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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