More apartment pipeline squeeze

Thursday, 9 June 2016

At The Australian has a piece today rounding up more apartment projects hitting the skids:

Melbourne-based developer Fridcorp, which has a $1.7bn, 2100-apartment development pipeline, will hold off on the development of its 640-unit project in the Brisbane suburb of Albion as it assesses rising building costs.

“It would be reckless of us to go to the market if we can’t deliver for a certain price,” Fridcorp founder Paul Fridman said.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.