Spot on Makattack.
The front page of the Weekend AFR last week had a story on the apartment glut.
Already we have apartments entering the market at three times the markets ability to occupy them. Many sit empty. Of the ones landlords buy, they are having to slash rents by 20% just to find tenants.
Its already happening, and the pipeline of apartment supply continues. 41,400 high rise apartments were approved last year.
It could look like Spain in a year or two as developers go broke and leave these projects half finished.
Spot on Makattack.The front page of the Weekend AFR last week...
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)