I reported yesterday how the poison of negative equity was spreading with buyers of off-the-plan apartments having to find additional funds because settlement valuations have plunged. Brisbane’s 92-storey Skytower is a textbook example, with buyers scrambling to muster additional funds after bank valuations came in 25% short of expectations.
Today, The AFR reports that buyers in Brisbane’s Skytower are now looking to sell at 10% discounts:
