Via Gottiboff today:
Last Friday three massive Sydney apartment complexes were given the approval go-ahead and Harry Triguboff’s Meriton will immediately proceed with developing all three in a $3 billion project – the biggest apartment building operation in Australia’s history.
…But bank market share of the boom funding has been decimated. Meriton reports that 50 to 60 per cent of the funding of both local and international buyers has been undertaken by non-bank sources in recent months.
