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1.Market Observations, 8.Was Sticky

26 Oct 2016 (AFR) – Will the high rise sector crash the rest of the property market?

(26 October 2016, AFR, p30, by Richard Wakelin)

‘Pretty much every respected economic organisation is now worried that the residential multi-unit sector is headed for serious trouble. In recent days the Reserve Bank and Deloitte Access Economics have flagged that the pipeline of new stock planned for our major capitals over the next couple of years is far in excess of demand. If these warnings are sounded in order to change behaviour and avert a crisis, then I believe they are too late.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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