Ann: Scheme Implementation Agmt terminated and meeting cancelled, page-43

Detached residential housing approvals were down 3.4% in October, and are down 5.7% year to date (seasonally adjusted).

Seasonally adjusted, state final demand in Victoria fell 0.4% in the September quarter.

The major car manufacturers are closing their plants in Victoria in the next 12-18 months. Approximately 25,000 people are employed in the automotive supply chain in Victoria, and many are based in Victoria's north, north-west and west, where Simonds is strongest.

If the residential building cycle hasn't already peaked, it is close. The macro indicators are not strong (particularly yesterday's' GDP figure).

Difficult to see SIO growing much over the short-medium term.