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BIS Oxford Economics expects residential construction activity to decline by 1% in 2018-19, followed by a 14% decline in 2019-20. Construction activity is tipped to fall by 19% in New South Wales over the next two years and by 17% in Victoria. From The AFR:
According to a report from BIS Oxford Economics, residential building construction activity peaked in the second half of 2018 and is expected to decline 1 per cent this financial year, followed by a 14 per cent fall in 2019-2020.
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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.