WA apartment developers join “Lehman moment”

Advertisement

By Leith van Onselen

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:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.