You are viewing:-
you're reading...
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 AFR.com (might need AFR login access, or try: AFR.com/trial)

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: