Max Property braces for bumps

Property mogul Nick Leslau's Max Property group yesterday said it sees a "corrugated recovery" in the non-prime property market over two to three years.<br /><br />Max said though the worst was over, recovery in the non-prime property market, comprising industrial properties, would gather momentum only when banks start lending more. Max Property reported a 7.3 per cent rise in its net asset value per share since May as property prices improved.