'DEVELOPMENT in Melbourne is expected to come to a virtual standstill with commercial building projects worth billions of dollars frozen by the financial meltdown.
Prominent builders, developers and architects have confirmed retrenchments, with industry giants Mirvac, Multiplex and Lend Lease laying off hundreds of staff this week.
"Anything that is not already coming out of the ground is extremely unlikely to happen at all," said Tony Crabb, investment director with property strategists Savill."
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Last
$5.45 |
Change
0.010(0.18%) |
Mkt cap ! $3.761B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.43 | $8.083M | 1.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 5764 | $5.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.45 | 8308 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| LLC (ASX) Chart |