MASSIVE FLOODS DEVASTATE BRISBANE’S COMMERCIAL PROPERTY MARKET – LONG TERM AFFECTS BEING ASSESSED
January 1st, 2011
BY BARBARA BIERACH
Nowadays it is not easy to contact estate agents and landlords in the Queenslandmetropolis of Brisbane, after severe floods hit Australia's third largest city. But once you do get Paul McLean on his mobile he sounds rather relieved: "We were lucky, only one member of our staff lost their home," says the CEO of the Australian branch of Savills, the global real estate service provider.His words show Australian understatement since Savills' operations have beenhighly affected by the flood:after all three quarters of the federal state ...
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