“Crazy high” Melbourne construction to dive next year

Tuesday 14 May 2019

Dahlsens’ CEO, Geoff Dahlsen, has warned that dwelling construction could dive in 2020 after hitting “crazy high” levels. From The AFR:

A slowdown in Sydney detached house construction has already cut activity 5 per cent in the past six months, as the NSW capital leads a decline in new home investment that has yet to reach the country’s second largest city of Melbourne, said a key player in the construction chain…

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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.