Monday July 26, 2010
 
Flat building outlook takes pressure off interest rates

Leading industry analyst and economic forecaster, BIS Shrapnel, is forecasting national building commencements to be close to flat in 2010/11 and 2011/12.
 
The company’s Building in Australia 2010 report says that as the positive effect of fiscal stimulus programs fades, there will be less upward pressure on interest rates. Relatively favourable interest rates will allow apartment construction to become a key driver for economic growth over the next two years.

Contact: Robert Mellor