Original article by Michael Bleby
The Australian Financial Review – Page: 7 : 13-Apr-16

HSBC economist Paul Bloxham says that while Australia’s booming residential construction market faces a number of potential risks, these can be managed. He argues that when the construction boom wanes it will be replaced by growth in the services industry as a driver of the economy. House prices increased by nine per cent in 2015, but Bloxham forecasts growth of 3-4 per cent in 2016.

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HSBC AUSTRALIA HOLDINGS PTY LTD, BLOOMBERG LP, RESERVE BANK OF AUSTRALIA