Construction continues crashing: Pete Wargent

Construction continues crashing: Pete Wargent
Construction continues crashing: Pete Wargent

RBA liaison believes it can see through the downturn in construction to the other side.

Below Scutty reports on the latest AiG construction index gauge:

Apartments (37), engineering (33.3) and commercial (43.7) all came in with very contractionary readings. 

Perhaps house building is due to lift soon, but otherwise, it's another stinker.

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Construction Property Crash

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