I know fkp are doing residential building block development in western Melbourne pt cook . 1500 building blocks the largest in their portfolio . The market is presently completely trashed in outer western suburbs of Melbourne . The are currently a record amount of unsold property in this area , and future building is nearly come to a grind . It will be impossible for fkp to keep profit levels up in deteriating market. I think more bad news to come.
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Ann: Sale of Large Industrial Site in Mackay , page-4
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