Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Saturday, 11 March 2017

Bricks & mortar

Cash rate futures markets are beginning to price a hike, albeit not until May 2018.

Not impossible, but there will be challenges.

Not least: what will plug the boom as the construction boom in the capital cities starts to decline?

Residential approvals are already falling fast, particularly for apartments, while construction accounts for the employment of well over 1 million Australians, which is a huge share of the labour force.

From Brisbane yesterday, Newstead...

The Valley...

Top end of Brunswick...

Meanwhile, some other huge projects are also now half-way constructed including at Coorparoo and peppered all over the South Bank.