BIS Oxford: Total building activity to fall 10%

Wednesday 27 February 2019

Director of BIS Oxford Economics, Frank Gelber, has forecast a relatively mild 10% reduction in Australian building activity over three years. From The Australian:

With the residential downturn under way, it’s just as well that non-dwelling building will be strong… But the strength of non-dwelling building won’t be enough to make up for the residential decline. We’re looking at a contraction of almost 10 per cent in total building over the next three years…

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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.