Brisbane apartments see huge discounts

Thursday, 8 June 2017

Pressure is clearly mounting in Brisbane, via The Australian:

Singapore’s Banyan Tree has slashed the price of entry-level apartments in its Australian flagship development by more than $100,000, as stresses show in the Brisbane unit market.

…Construction on the 76-apartment complex is expected to start midyear, about a year later than the initial timeline.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.