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CBA TIPS APARTMENT SHORTAGE BY 2020

The construction downturn would bottom out by mid-next year and there could be a shortage of apartments by 2020, the Commonwealth Bank has forecast.

 

Strong population growth, a shortage of supply, and a kick back in home prices meant the building downturn would hit bottom sooner than expected.

 

“CBA estimates suggest an undersupply of apartments from 2020,” CBA economist Kristina Clifton said.

 

Read the full article here

Matthew Cranston
Economics correspondent

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