From the AFR comes Urban Development Institute of Australia’s chief executive Stephen Albin at UBS’ Australasia Conference:
“Demand is still there, especially in NSW. The only issue is the supply of money. Some developers won’t be taking a rest over Christmas. In fact they’ll be trying to run down stock as much as possible so they don’t go bust while holding stock,” Mr Albin said.
“We are starting to see previous indicators of boom-bust cycles appearing, hopefully it’s a soft landing.”
Time for a little developer discounting.
