What’s really happening in the Melbourne apartment market?
Is there an oversupply?
Are prices falling?
According to BIS Shrapnel’s latest Inner Melbourne Apartments Market Brief 14% of inner Melbourne apartments are sitting vacant and unoccupied, while the supply pipeline is at record level.
Now that’s a recipe for disaster in the new and off the plan Melbourne apartment market if I’ve ever seen one.
So what’s really happening in the Melbourne apartment market?
That’s the question I recently put to Michael Yardney for a recent Real Estate talk show – watch his answers in this short video:
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