Australia’s troubled apartment pipeline has probably passed its trough with a 45 per cent slump in completions last year, but new apartment supply will remain tight for at least another two years until construction and financing costs stabilise, a JLL report warns.
The combined capital city count of 16,960 apartments in the category of “plans approved” fell 8.9 per cent from 18,613 in the previous quarter. In addition, the relative affordability of apartments relative to houses that increasingly prompts buyers to focus on units would further increase demand for attached dwellings.
You mean badly built high rise units that are structurally non-compliant? Half reason prices have jacked up is strata fees have skyrocketed to account the increase in “problem-solving”. Think we are all traumatised by the news watching these things crack or fall down. Do better.
Bring in another 400,000 migrants and 500,000 foreign students
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Source: GuardianAus - 🏆 1. / 98 Read more »