An exclusive feature on Fortis and Charles Mellick has appeared online on The Urban Developer following last week’s Sydney Long Lunch event.
Detailing the predictions of three of Sydney’s most prominent property developers, the article attests to the tough times that lie ahead for the industry, and the silver lining of record immigration and low supply on the horizon.
Fortis director Charles Mellick went as far as to say there would be “blood on the streets” as record prices recede and banks and non-bank lenders tighten their purse strings. “I think it’s going to be a really tough year next year,” Mellick said.
