As unsold apartment developments hulk across Australia’s east coast amid the surge in completions:
The AFR reports that desperate developers are offering “eye watering” commissions of up to 13% in order to clear their apartment backlog:
Agents are being offered massive commissions of around $65,000 [13%] to sell two-bedroom $499,000 off-the-plan apartments in a Bowen Hills development about 3 kilometres north-east of Brisbane…
