http://afr.com/articles/2004/03/16/1079199201422.html
Maybe an article you can use when negotiating with a prospective seller. “The world is falling in…..you are asking too much….no buyers”
James
However, prominent property developer Harry Triguboff – managing director of Meriton Apartments – insisted that the fundamentals remained sound and all that had happened recently was that short-term speculators had been scared off.“The market is king. It will decide who is right and wrong. And I assure you that prices will keep going up,” Mr Triguboff told afr.com in an interview. “There is not enough supply. The people of Australia are still in love with real estate.”
[whistle][whistle][whistle]Thank You James
Regards
Julian [worried]
THERE IS ALWAYS A BETTER WAY!
Funny that Mr Triguboff seems to have changed his mind and his feelings are different to the comments he made in December:
Mr Triguboff stood by his prediction, reported in The Australian, that the buyers of 30 per cent of Sydney units purchased off the plan would default and lose their deposit because they could not get full finance from banks worried about falls in valuations.
“When the market was hot, banks were willing to lend the full amount,” he said. “But when the market is down, banks now tell their customers they will only get a smaller loan – not the full amount.”
What gives Harry?
kay henry
Maybe Harry will just keep raising his prices – course they will go up then. Problem is, maybe nobody will buy them!![satan]
Harry could then afford to hold them and rent them all out – I don’t think he actually finances his developments, so wouldn’t need to pay the banks back their money.
Cheers
Mel
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