“Something needs to break” in the constrained property development industry of New South Wales.
Dislocation of the market, price discovery and planning constraints are all dogging the industry in Australia’s most populous city—but those stark words from Abadeen managing director Justin Brown resonated with most in the room.
Speaking at The Urban Developer and MaxCap Roundtable, Brown said the storm on multiple fronts was difficult to weather in the current market.
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