https://macromonitor.com.au/wp-content/uploads/2019/04/new-york-690868_1920_1700x300-2.jpg 300 1700 Lucy Hatcher https://macromonitor.com.au/wp-content/uploads/2016/02/MM-Transparent-Logo-FINAL.png Lucy Hatcher2019-09-05 16:00:242019-09-05 16:41:11Australian Construction Cost Trends
Construction cost inflation was 2.3% in 2018/19, but this is now expected to slow in 2019/20 and stay below 2% in 2020/21 and 2021/22. This slow-down is based on:
- Slower growth in the Australian economy,
- A downturn in the non-resources construction sector,
- Potential declines in commodity prices, and
- A stabilisation of the Australian dollar, with only a small further depreciation likely.