Harry Triguboff, the founder of Meriton – Australia’s largest homebuilder – says property is one of a few attractive investments in the country.
In response to warnings of falling demand from Chinese investors, Triguboff says prices could stay the same, prompting the Chinese to retain their investments, or prices could fall, drawing Australians back into the market.
Meriton has only seen Chinese demand drop in the last couple of weeks, its national sales director said. The company is targeting sales of 2,000 homes in 2016.
