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The Age has a series of feature articles today on the budding oversupply of apartments in and around Melbourne’s CBD, which is dampening both prices and rents.
According to an analysis of recent sales by the newspaper, many recent buyers of high rise apartments are incurring big losses on resale, as new supply continues to run well ahead of demand:
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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.
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