Settlement defaults
Interesting tidbit from Stockland's FY 2019 presentation, amidst quite a number of other ambiguous disclosures:
Source: Stockland Group (ASX: SGP)
Master Builders Australia sees no near-term end to the building slump.
MBA sees the nadir in the construction cycle not being reached until FY 2021 at just 167,000 dwelling starts (down from a peak of 234,000 in FY 2016).
MBA further believes the recovery will only get to 187,000 housing starts by FY 2024.
Credit conditions and negative sentiment towards new high-rise apartment developments seem likely to stymy new dwelling supply over the coming 5 years.
I discussed some of the implications of the coming downturn in a report here last year.
Credit conditions and negative sentiment towards new high-rise apartment developments seem likely to stymy new dwelling supply over the coming 5 years.
I discussed some of the implications of the coming downturn in a report here last year.
