From the experience of a sibling in civil projects, I think we are simply being played for fools. Investor support withdrawn over the last three months, causing mid-tier projects to stall, get the wobblies or fold up - there will be sales of projects wholly on the buyer’s terms. I fully expect those buyers to come from the usual stocks.
Aside from that there is a shedload of remedial work, some is now remediating the first attempts at remediation!
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Originally Posted by GO FURTHER
I think the biggest "hit" to our economy will happen in around 6 months time.
In the construction industry which employs over one million Australians, and our third largest industry.
It will be due to lack of foreign investment, international students and immigration causing falling house prices, and lack of new demand.
All that has stopped and l don’t see it coming back anytime soon.
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