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1.Market Observations, 8.Was Sticky

30 Nov 2018 (AFR) – Mortgageport turns down Gold Coast Ruby apartment loans after 30 per cent value fall

(30 November 2018, AFR, p34, by Su-Lin Tan)

‘Sydney-based private lender Mortgageport has turned down loan applications from apartment buyers for developer Ralan Group’s Gold Coast apartment project Ruby, following a decline in valuation of up to 30 per cent for some apartments.’

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

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