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Billions of dollars in new building projects a good sign for Sydney's construction industry, analysts say
By Josh Bavas
Posted Yesterday at 10:24pm, updated Yesterday at 10:25pm
A drawing of buildings and roads in the city.
This 32-storey residential and commercial tower in Sydney's CBD has been given the green light.(Supplied.)
Major projects worth billions of dollars in and around Sydney were given the green light last year despite fears for the construction industry.

And while some analysts are predicting a sluggish 2021 in the sector, amid uncertain economic conditions, hopes are high for the coming years.

The Master Builders Association is predicting non-residential building works like shops, offices and commercial space to reduce about 18 per cent throughout this financial year.

But chief economist Shane Garrett thinks the long-term viability of the projects "is pretty secure".

"They will reach their completion stage in a fairly healthy economic environment which is moving in the right direction at a fast pace.

"I wouldn't be too concerned about the economic viability of any projects that are being initiated at the moment."

good to see there's still construction projects happening