As stalled developments mushroom across Australia’s east coast following a surge in completions:
The AFR reports that desperate developers are offering up to $20,000 in cash to clear the backlog of high-rise apartments and house-and-land packages:
Cash payments of $20,000 are being offered to buyers of high-rise apartments around Melbourne’s central business district amid concerns about construction and safety that have affected sales, discouraged potential tenants and hit investment returns…
