Login
ISCOVER
House prices should recover thanks to the ongoing shortage of residential dwellings, Lend Lease chief executive Steve McCann has claimed.
Speaking to ABC television’s Inside Business, Mr McCann said the general shortage of housing in Australia gave him confidence that the downturn in the housing sector would soon ‘bottom out’ and start to recover.
“We don’t see massive pressure on prices, and it will take some time for the economy to get back into full swing, and that should result in the right sort of balance there,” he said.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
JOIN THE DISCUSSION