Via Gottiboff today:
When property prices are falling and there are significant amounts of unsold stock, like what’s happening in the inner city apartment markets of Sydney Melbourne and Brisbane, truth often falls by the wayside.
But if we don’t start facing the truth we will have a major collapse that could cause banks to lose large sums on their developer loans. However, even if we avoid a collapse, we are on the brink of fundamental changes in the apartment industry.
