In June 2020, Slattery predicted short to medium competition in the national market to drive down prices by up to 10% in non-domestic construction. Three months later, the effects of the COVID-19 induced slowdown are becoming evident in the NSW market; prompting further discussion.

As Melbourne nears the end of the first week in Stage 4 lockdown, a number of questions relating to the functioning of the construction industry remain to be answered. In our latest market update, Slattery analyses and explores the critical, overarching question – “how will the market adapt the second time around?”

Supported by stimulating levels of capital allowance incentives, the message from the federal government is that there has never been a better time to spend on capital assets.

The Slattery Leadership team have been talking to Tier 1,2 and 3 contractors daily and expect short to medium term competition to drive prices down by up to 10% in non-domestic construction.

Slattery examines how the rapidly changing circumstances surrounding COVID-19 is creating continual uncertainty for the property and construction industry.