"Mr Bassanese states that a downturn in housing construction would represent a "sizeable swing in its direct contribution to annual economic growth of around 0.6 percentage points from the September quarter 2015 to the December quarter 2016."
However, when the multiplier effects that housing construction has on the economy are considered, Mr Bassanese said that growth contribution, and its loss, would likely double."
http://www.abc.net.au/news/2016-01-...nomic-growth-in-2016/7076222?section=business
And Andrew Charlton on the ABC's 7.30 Report sums up the outlook for China and essentially the outlook for Australia
http://www.abc.net.au/news/2016-01-08/'more-china-pain-ahead-for-australia'-with-chinese/7077608
ANZ pays 10% in Dividends, page-3
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