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CBA tips apartment shortage by 2020

The construction downturn would bottom out by mid-next year and there could be a shortage of apartments by 2020, the Commonwealth Bank has forecast.

Strong population growth, a shortage of supply, and a kick back in home prices meant the building downturn would hit bottom sooner than expected.

“CBA estimates suggest an undersupply of apartments from 2020,” CBA economist Kristina Clifton said.

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Matthew Cranston
Economics correspondent