WA apartment developers join “Lehman moment”

Wednesday 29 March 2017

Yesterday, it was Brisbane apartment developers that had their “Lehman moment”, with a marketer offering “Sizzling Hot Deals” in the form of discounts of up to 39% on apartments in a newly-completed residential development.

Today, we have WA apartment developers struggling for pre-sales and offering increasingly generous incentives to lure buyers. From The ABC:

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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.