Weaker growth indicators combined with recent falls in stock prices and changes in the way the People’s Bank of China manages China Australian housing investment is growing at its slowest pace since 2009 , according to chief economist at HSBC , Paul Bloxham , despite a recent upswing in both building projects and housing prices . In a report by The Canberra Observer , Bloxham said that the country ’s investors are prioritising investment in non - manufacturing industries ; as a result , Australia could experience a decline in new housing schemes .
Australian housing investment is growing at its slowest pace since 2009 , according to chief economist at HSBC , Paul Bloxham , despite a recent upswing in both building projects and housing prices . In a report by The Canberra Observer , Bloxham said that the country ’s investors are prioritising investment in non - manufacturing industries ; as a result , Australia could experience a decline in new housing schemes .