Housing investment rate to fall, raising prospect of downturn

By Eryk Bagshaw
Updated December 19 2017 - 4:08pm, first published 3:52pm
building Perth 061025 AFR pic by Erin Jonasson. the construction boom in Perth. a New housing estate in the southern suburbs of Perth, Roof plumbers, residential property, trades, tradesman, building of new homes, house. skilled labour shortage in WA, generic hold for files, first use AFR please. SPECIALX 00057683
building Perth 061025 AFR pic by Erin Jonasson. the construction boom in Perth. a New housing estate in the southern suburbs of Perth, Roof plumbers, residential property, trades, tradesman, building of new homes, house. skilled labour shortage in WA, generic hold for files, first use AFR please. SPECIALX 00057683

Housing investment will fall further from record levels into negative rates of growth next year, as the Sydney and Melbourne markets prepare for a downturn following the government crackdown on investors.

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