Canberra becomes Australia’s high-rise mecca

The AFR has published an interesting report on how developer Geocon is driving a high-rise construction boom across Canberra:

While many developers across the country, facing lacklustre demand for apartments during the housing downturn, have scaled back their construction pipeline, Geocon is continuing full steam ahead.

Since, its inception 10 years ago, Geocon has delivered 1460 apartments to the Canberra market, and now has triple that number – another 4,300 units – in the pipeline…

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