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Apartment supply a market matter

Concerns have been raised over the sustainability of Perth’s apartment construction boom, with prominent industry players suggesting Rivervale in particular is in danger of oversupply.

Western Australia's biggest developer, Nigel Satterley, told a recent Business News Success and Leadership breakfast that investors buying off the plan would be particularly susceptible to a fall in apartment value due to excess supply.

Mr Satterley described current apartment sales as very soft, and pointed to a number of potential projects that were in danger of stalling as sales slowed.

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Comments

Cottesloe
Of Course Nigel would say that, hes a land developer

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Lots expected to be completed for sale, current financial year

1st↑StocklandNFP
2nd-Satterley Property GroupNFP
3rd-PeetNFP
5th↑Golden Group500
6th↓LandCorp400
35 property - land developers ranked by number of WA lots expected to be completed for sale, current financial year?

Number of Employees

Property - Land Developers

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