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Not a good sign is it. A problem with apartment sites is that it takes a long time from start to finish. Market can and does change.

He is a brave man. Why let a little thing like an 18% interest rate on the development put you off, hey!

Certainly is. Goes to show the risk is mainly with the driver of the development rather than the development itself.

Or the fact that you will get your profit and/or rental income 7 months late. Still, the whole building process rarely goes according to plan. Oscar

Did you ask them how they propose to do that?

Nope. Built and sold 44m2 one bedders in Melbourne (metro). No probs for the buyers financing.