Recall recently from property magnate Tim Gurner:
“It’s an incredibly challenging time in the market, no question. We’ve got foreign buyer restrictions, lending restrictions and we’ve got a planning minister here [in Victoria] who is being difficult. And we’ve had 18 months of the press being negative about property.”
“But I am pretty confident about the market. I think there is still a massive undersupply of apartments in the inner-city and good quality apartments at that. We’ve launched a few projects in the past six months and every one of them has sold within a few days. What we are seeing is still a huge demand for quality product.”
