Developers get desperate as Chinese demand evapourates

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By Leith van Onselen

With foreign (mostly Chinese) buyers exiting Australian property developments en masse, especially in Victoria:

Developers are getting desperate. From The AFR:

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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.