Australia’s residential construction sector could be set to ‘tank’ over the next four years as high levels of completions diminish any remaining form of undersupply and tightening credit conditions force developer and investor activity to pull back, according to the latest forecast.

Releasing its latest forecast, Australian Construction Industry Forum said it expected the dollar value of work done in residential building to have grown by 8.4 percent in 2015/16 and to edge up by a further 2.2 percent to peak at $91.2 billion in 2016/17 as the industry works its way…