This article reiterates the challenges that have arisen in the "off-the-plan" sector, primarily in Queensland. This is not new information, and is part of the reason for the low SP.
The reality is, there are still a lot of apartments that are on the market that are going to be sold in the lead up to Christmas.
The relationships IBN have struck with developers are paying dividends, with developers offering lucrative incentives to get the deals across the line.
IBN Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held