Master Builders: new home starts to dive 25%

Thursday 24 January 2019

Master Builders Australia (MBA) has forecast that new home starts will decline 25% from their peak through 2022-23:

Chief Economist Shane Garrett pointed to a challenging year ahead saying, “New home building across Australia is facing into its toughest year in almost a decade with declining house prices and the fallout from the Royal Commission really starting to bite.”

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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.