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1.Market Observations, 8.Was Sticky

3 Aug 2019 (AFR) – Ralan, Steller start of developer ‘washout’

(3 August 2019, AFR, p3, Larry Schlesinger and Michael Bleby)

‘Highly leveraged developers operating on thin margins could be the next casualties from the “washout” occurring in the off-the-plan apartment market following the implosions of the Ralan and Steller groups, insolvency and restructuring expert David Walter has warned. “There may well be other developers to follow [Steller and Ralan] of different shapes and sizes,” Mr Walter, a partner at law firm Baker McKenzie, told AFR Weekend.

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

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