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Perth housing crashes developer earnings

Leith van Onselen
Wednesday, 13 July 2016
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By Leith van Onselen

The budding Perth housing crash has driven listed property developer Finbar’s earnings down to the lowest level in a decade. From The AFR:

Finbar [revealed] $13 million of impairments to commercial and residential investment property it owns in Perth and Karratha.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.