@ Newietrader123 The excerpt below is one of the main points in...

@ Newietrader123

The excerpt below is one of the main points in the report that you linked.

These are among the findings of Rider Levett Bucknall’s second quarter international report, which forecasts Australia’s apartment, office, hotel and retail sectors will decline in the short to medium term after significant new additions to supply over the past three years.

This does not really apply to residential which is building like crazy, right in the CWP sweetspot.
It is also fair to say that there is a slow down in new dwelling approvals but given the lead time to construction start it will not be much of a problem and probably allow the residential construction to catch its breath. Once immigration starts up again residential construction will get another boost.

My son is in commercial building in Melbourne and his stories match the rest of the points in the article. Every job he has on has had all trusses both roof and wall redesigned into steel. The use of timber has been almost stopped apart from high end decorative applications. Concrete pricing is up 40% and reinforcing steel and mesh pricing is through the roof.

Cheers....D

P.S. CWP reports on 26th August