New residential buildings to fall by 50%
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Published on 3 August 2016
New multi-residential buildings for the whole of Australia are forecast to plummet by 50% by 2020, but there will be a tsunami of supply over the next 12 months, except in NSW.
This is according to analyst and forecaster BIS Shrapnel, which has released its Building in Australia 2016-2031 report.
It revealed, however, that NSW will buck this forecast trend and remain undersupplied for some time, even though it, too, will experience a slowdown in home building.
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