NSW plays Highrise Harry for a chump

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By Leith van Onselen

“Highrise” Harry Triguboff has reportedly turned to vendor financing to maintain apartment sales to Chinese buyers. From The AFR:

Meriton has spent $120 million cutting prices and covering stamp duty costs for buyers of its apartments over the past year, founder Harry Triguboff says.

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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.