Construction set for its biggest fall since the global financial crisis warns BIS Oxford Economics

Australia's building commencements fuelled by investor apartment construction looks like heading from boom to bust, according to the economic forecaster BIS Oxford Economics.

In a reality check for investors who bought at the top of the apartment boom, BIS is predicting the biggest correction since the global financial crisis hit in 2008 with housing starts set to fall by almost 23 percent by 2020.

I spoke with BIS Oxford Economics associate director Adrian Hart.