There’s a Melbourne apartment undersupply, you know

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By Leith van Onselen

There’s a a new contrarian on the block going by the name of Asian Pacific Group, which believes that Melbourne is actually facing an apartment undersupply. From Domain:

The day after watching The Big Short, the film about the US sub-prime crisis in 2007, Asian Pacific Group chief executive Will Deague got on his scooter and drove around Melbourne counting apartments…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.