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With Australian housing plummeting in value, led by Sydney, and a wave of high-rise apartments yet to hit the market, billionaire founder of Meriton – “Highrise” Harry Triguboff – has demanded Australia’s banks loosen the credit purse strings. From News.com.au:
Billionaire apartment mogul Harry Triguboff says the housing market will continue to slide and Australia will be engulfed with foreign investments unless local banks don’t loosen the straps on lending restrictions…
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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.
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