Developer “High-rise” Harry Triguboff is the latest to hose CoreLogic’s figures showing the re-emergence of strong dwelling price growth in Sydney, noting that Sydney prices “have not gone up in the last six months”. From The Australian:
The rapid price growth, largely in Sydney and Melbourne, had now come to end, said the founder of apartment builder Meriton Group and Australia’s richest man. “The ones who are settling now have made a lot of money; building on those apartments started two years ago,” Mr Triguboff told The Australian, noting the contract price was struck at that time. “We read every day how prices in Sydney have gone up by 10 per cent in the last year.
