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Investors

LENDERS & INVESTORS SHY AWAY FROM HIGH RISE

NO CAPITAL GAIN FOR MAJORITY OF APARTMENT PURCHASERS According to market analysts two out of every three high rise apartments purchased off the plan during the last few years have achieved no financial gain. When existing owners of apartments fall into negative equity, property developers become a liability for lenders. When a real estate bubble […]

LUXURY APARTMENT THAT PROVED ANYTHING BUT

PROPERTY COMPANY NETWORK PACIFIC ACCUSED OF MANIPULATING PROXY VOTES TO KEEP LUCRATIVE MANAGEMENT CONTRACTS…Liz Hobday ABC 7.30 When Jennifer Fletcher bought her luxury apartment in Melbourne, she never thought it would lead to a battle with one of the countries biggest management companies. Upon buying into the Tiara development at Melbourne’s Southbank two years ago, […]