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Australia's Rental Crisis | Armstrong Economics

Renters across the globe are in a bad spot as housing has become unaffordable. The situation is particularly bad in Australia where rentals have reached a high not seen since 2009. As of March, the average rental was A$600 per week, surpassing the mid-2018 high of A$550. The is not enough supply to meet demand.
United States United Kingdom Scott Morrison Jane Hume Rob Pradolin Anthony Albanese

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The rise and fall of Grocon

The rise and fall of Grocon When Daniel Grollo addressed a creditors meeting on December 9 last year, it marked the start of the final chapter in the story of Australia’s most famous builder. Daniel Grollo, head of Grocon, on top of Melbourne’s Eureka Tower in 2006. Grocon has shaped the Melbourne skyline like no other.  Jessica Shapiro Save Share When Daniel Grollo, the third-generation leader of Melbourne’s most famous construction family, addressed creditors of 43 insolvent...
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Source: afr.com

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