7 News
·general
·3 hours ago
Meriton ceases Sydney operations, shifts focus to quicker Queensland projects
Meriton, Australia’s largest apartment developer, has ceased operations in Sydney and will focus on Queensland projects due to lengthy planning approval times. Deputy Managing Director Daniel Hendler stated that Sydney approvals take three to four years, compared to just five to six months in Queensland. The shift raises concerns about Sydney's housing future amid calls for planning reforms.
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