Robert Gottliebsen (“Gotti”) has obviously gotten off the phone again with his mate, “Highrise” Harry Triguboff, since he has penned another post warning of a downturn in apartment construction now that the rules around significant investor visa’s (SIVs) investing in Australian real estate have been tightened. From Business Spectator:
In the last few weeks we have just witnessed an unprecedented scramble by overseas investors to invest in residential apartment developments…