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1.Market Observations, 8.Was Sticky

9 Jan 2018 (AFR) – New Gold Coast high-rise boom fuels fears of another crash

(9 January 2018, AFR, p32, by Larry Schlesinger)

‘In the lead-up to the Commonwealth Games, high-rise apartment development on the Gold Coast is ramping up again, fuelling concerns about another crash in values, as happened between 2010 and 2012. Apartment values fell about 25 per cent during the two-year period – a combination of oversupply, overpricing and a drop in tourism – with high-rise projects like Soul ending up in the hands of receivers. This time round, The Australian Financial Review counted more than 1400…’

Read more at (might need AFR login access, or try:


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