#Economy #Recession #Construction
The NSW construction industry is collapsing with the largest number of bankruptcies since 2015.
References
Stamp duty crash wipes $2.5b from NSW Budget
Construction companies in NSW collapsing at record rate as building slowdown bites
https://www.abc.net.au/news/2019-09-26/nsw-construction-companies-liquidated-in-record-numbers/11512002?section=business
Housing fall blows $5.2bn hole in Victorian budget
https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751