There was an article in the AFR this weekend from ANZ's Property Team who has a largish concern about the glut of apartments in inner-city Melbourne.
They predict in 2013, Melbourne will have an oversupply of apartments between 5000 and 7000, based on 'skyscraper' product still to come onto the market.
It sounds like a Queensland all over again. I wonder at the current sales rates, how many years it will take to clear all those?
melb housing catastrophe: 50% more glut ! , page-2
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)