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The Sydney-based property developer Ralan Group has collapsed, leaving billions of dollars projects in doubt. The developer owed about $500m to creditors, including Big Four bank, Westpac, and non-bank lender Wingate.
As the founder and CEO of Propertybuyer, Rich Harvey has had a full career that’s been all about creating asset and cash flow wealth in the world of Australian property.
The markets in some capital cities are set to bottom out, with markets in regional areas already rising, according to PRDNationwide’s Australia Economic Property Report 2019.
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