Rebuilding after property’s fall

roger-montgomery
Founder and Chief Investment Officer of Montgomery Investment Management
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In September this year, Australia’s richest man and biggest apartment developer, the property billionaire Harry Triguboff cited slowing foreign investor interest as a reason for his observation that “the slowdown in the apartment market is worsening,” adding “the number of new apartments sold had dropped and prices have fallen about 10% over the past six months.”

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