BIS Shrapnel sees “very messy” end to apartment boom

Thursday 10 March 2016

From the AFR:

“In Melbourne the oversupply will be significant, in Brisbane it will be worse. It is an accident waiting to happen”, said BIS-Shrapnel managing director, Robert Mellor, at the group’s six-monthly Building Forecasting Conference.

…At the same time the key drivers of demand are in decline. Net overseas migration has halved from a high 300,000 in 2008-2009 to an expected 150,000 this financial and less in 2016-17.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.