AV Jennings joins housing smash

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By Leith van Onselen

House and land developer AV Jennings has released its first half results for 2019, which revealed sharp falls in both revenue and profit:

The report also pointed to further weakness, and blames “saturated, extreme media coverage”:

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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.