apartment oversupply

New Apartments Reselling At A Loss In Melbourne, Brisbane

Losses on a wave of new apartments are starting to mount in Melbourne and Brisbane. A hefty 60% of units purchased off-the-plan in inner Melbourne since 2011 breaking even at best or reselling at a loss, while inner Brisbane saw 40% of resales lose money, according to new research from BIS Oxford Economics. Sydney has yet…

Sydney's West in Apartment Oversupply? Really!

Looks like someone forgot to tell Sydney’s inner west about its alleged oversupply of apartments. For example here are the results for Erskineville:   Here’s St. Peters results: You can also add to this Haberfield, Stanmore, Sydenham, Five Dock, Canada Bay, Abbotsford, Chiswick, etc. etc. all of which have remarkably tight vacancy rates of 1 per cent…