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From Highrise Harry Triguboff’s mouthpiece, Robert Gottliebsen, comes a dire warning about Australia’s pending housing construction collapse:
The suburban land development and residential home building industry in Sydney and Melbourne and most other capitals has collapsed. New orders have fallen to token levels and many of those who bought land are walking away from their contracts.
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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.
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