400k apartments in inner brisbane, selling from the plan...1 bed 1 bath, kitchen..ette . Thousands coming on line. And yes its all fodder for the OS buyer. Does this push up real estate prices elsewhere, such as in the suburbs? If you buy into the hype created around prices such as whats outlined above then you could get suckered. If enough buy the hype then more people pay more money. As there is a boatload of apartments however, is it all sustainable? As long as wages and employment levels stay stable perhaps yes. Will employment levels stay stable imo no.
All imo.
Melbourne booming, page-292
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