PHOTO: SUPPLIED Beaumont Apartments, which is stage two of the 30 Madden development, has a mix of 56 apartments, four maisonettes and three penthouses.
Leading developer Willis Bond is unconcerned about a flat Auckland housing market and tumbling Sydney prices as it launches an apartment development close to the waterfront with multi-million dollar price tags.
Willis Bond managing director Mark McGuinness said Australia was a boom bust market where oversupply was a problem but Auckland’s had more equilibrium.
“The sheer volume of product and the commercial drivers over there are quite different from the Auckland market.”
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