Developers get desperate to move apartment glut

Friday 2 March 2018

From The AFR comes another report on the desperate measures being taken by developers to shift apartment stock:

Developers are offering commission payments of $30,000 and trebling apartment sizes in a bid to attract new buyers as investor demand slides and prices begin to fall, analysis of deals reveals.

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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.