Greetings

Discussion in 'Introductions' started by Inconstruction84, 27th Mar, 2020.

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  1. Inconstruction84

    Inconstruction84 New Member

    Joined:
    27th Mar, 2020
    Posts:
    1
    Location:
    Sydney
    Hi,

    Name is Kristina, work in the construction industry at present.

    We have a SMSF investment property no other besides that as I was too gun shy to bother going down that road.

    Here to gauge the opinions of sage investors and lenders on the current crisis.

    We're experiencing an slowdown in new starts.

    Greatly appreciated if you can give me some insight for business planning.

    Thanks,
    Kristina
     
  2. Peter_Tersteeg

    Peter_Tersteeg Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,319
    Location:
    Here.
    Unfortunately what I'm hearing is the construction industry is going to contract. There's plenty of work that can still be done, but on the big projects, you can't squeeze 60 guys into a lift all at once just to get to the worksite. These will be the first to shut down.

    I imagine many small to medium sized jobs and some of the infrastructure projects will continue, as well many smaller jobs, but things will definitely slow down.

    If we go to complete lock down, then I imagine this would apply to everyone who can't work from home.