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Building Industry Prospects June 2019 Bulletin

Total building commencements are projected to ease back 12% in 2018/19 and 8% in 2019/20. Overwhelmingly, a lower rate of apartment construction in the major cities is driving this softening profile. A bumper non-residential project pipeline is helping limit the decline to some degree. This total building outlook is lower than that published in the March 2019 forecast update, with all building components feeding the downgrade.

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