Adelaide Brighton: No housing recovery until 2021

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At the beginning of this month, we saw some pretty stark divergence between property doyens. Gottiboff was cock-a-whoop:

In Sydney last night, a jubilant Harry Triguboff said: “The market is improving in all our projects. It started with the election, then quietened down and now is rising again.

Meanwhile, building supplier Adelaide Brighton was frank:

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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.