BIS Shrapnel: Apartment boom about to end

Thursday 10 September 2015

After Wednesday’s prediction that Melbourne apartment owners could suffer “a 15 to 20 per cent correction” in the value of their homes, BIS Shrapnel has warned that the national apartment building boom is about to end, starting next month. From The AFR:

“The important story here is apartments. To read the current cycle is to read the apartment cycle,” he said.

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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.