Infrastructure is rapidly collapsing in Australia. Not literally. Not yet. But that could happen if current trends continue.
Australia’s investment in infrastructure remains well and truly in the slump that began soon after the 2013 change of government.
This is proven by the latest quarterly construction data from the Australian Bureau of Statistics (ABS), which shows private and government spending on engineering and building projects up to the end of last year.
This matters, not just because it is yet another outcome diametrically opposite to solemn Coalition promises, but because Australia’s national net worth is now declining disastrously.