Instead of looking at the temporary period of unit oversupply as a trigger for ‘disaster’, we should be viewing it as a big opportunity for many more people to enjoy a vibrant, well-connected and well-serviced urban lifestyle – at a more affordable price.
Inner Melbourne and inner Brisbane will experience the highest concentration of apartment completions in absolute terms, in the next two years. As a result, these two locations will be subject to rising vacancy and reduced rents, leading to drops in property values and greater settlement risk....