Lend Lease warns on property sales

Wednesday, 22 August 2018

Via the AFR:

Group chief executive Steve McCann said the result was driven by strong performance across both the development and investments segments but that he was preparing for Australia’s housing slowdown.

“We have been participating a slowdown for some time and most markets are past their peak,” Mr McCann said.

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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.