Salta switches focus as housing sector wanes


THE AUSTRALIAN: Private Melbourne developer Salta Properties is shifting strategy to focus more on office and industrial projects as the city’s apartment market weakens.

Despite years of worries about an oversupply of units in inner Melbourne, Salta managing director Sam Tarascio warned that levels of new supply are now dropping fast at the same time as a growing population is looking for rental options.

Posted 10 July 2018