Australian Property

Bears feast on apartment prospects

David Llewellyn-Smith
Tuesday, 12 September 2017
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Via The Australian:

The number of apartment sales is falling, as are prices, as the boom changes direction and regulators continue to warn of pockets of oversupply.

It is not often one of Australia’s richest people — with a fortune stemming from more than 50 years of building apartments — calls a turning point. But Meriton founder Harry Triguboff has signalled the change.

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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.