Gotti warns of Melbourne off-the-plan settlement crisis

Monday 22 May 2017

Robert Gottliebsen (aka “Gotti”) has switched his focus to the Melbourne development market, where he believes a settlement crisis could hit both the off-the-plan apartment and house markets as speculative local and Asian buyers engaged in ponzi finance become unable to settle. From The Australian:

[There are] some 15,000 Melbourne apartments due for settlement around June 30 — just over five weeks away…

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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.