Triguboff sounds the alarm. Demands policy bail-out
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Developer “High-rise” Harry Triguboff has rung the alarm on the apartment bubble, warning that the massive Chinese demand underpinning construction is waning and calling for urgent policy action to prevent a crisis. From News.com.au:
“There are a lot of Chinese now that are not settling. When you say the numbers are low, it’s because you take it over a long period, which is irrelevant,” he said.
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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.