The Outlook for the Construction Industry After the GFC

I haven't really spoken to anybody in the construction industry for a while but certainly the last time I did there was an acceptance that you know it's slowing of course that the downturn is coming. But also cautious optimism that that actually wouldn't be as bad as in the past so I haven't said too much to suggest that that's changed. Bernadeki has thrown out this idea that he sees 10 to 20 months a 20 to 20 percent increase in values if national win in the election this year and that could happen in a few months. He essentially said I think it's a little too extreme to be honest, he talks about factors like stretched affordability and the fact that we're expecting