Developers who more than tripled their money after buying and selling a $26 million development site are sceptical about Brisbane's apartment boom and will diversify into houses and land outside the city.
Pointcorp, founded by Chris Vitale and Paul Gedoun, has $486 million in high-end apartments being built across Brisbane but the company has quietly made four land acquisitions outside the city centre, setting up a 1400-lot workbook of house and land packages.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
