Are house prices bottoming?

Friday, 26 April 2019

Highrise Harry is excited:

The apartment market reached its nadir for billionaire developer Harry Triguboff in January when his Meriton Group was selling only five units a week.

The market has since stabilised with sales at around 20 apartments each week, but prices remain subdued, Mr Triguboff told The Australian.

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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.