Briefing: What the crash in dwelling approvals is likely to mean for the pipeline of work
Prepared by IndustryEdge, Monday May 4th 2020
FTMA Australia engaged the services of Tim Woods of Industry Edge to provide a Briefing Note that fabricators could include in their submission to the ATO supporting their predictions.
This briefing seeks to provide updated information and analysis of the current situation and to project the likely impact of the massive falls in demand on the pipeline of building work.
We do not know exactly when or precisely how lower approvals will play out. Moreover, that will vary by state, by region and even by business. What we can be certain of is that the June Quarter’s dwelling approvals will be significantly lower than those recorded in the March Quarter.
Read the briefing via the button below.