Veteran developer warns on apartment glut

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By Leith van Onselen

Via The AFR comes yet another warning about the potential oversupply of apartments:

Veteran property developer and long-time Financial Review Rich Lister Max Beck has warned younger builders in the market could be set for tough times and have failed to heed lessons from previous real estate downturns.

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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.