BIS warns on Brisbane apartment oversupply

Tuesday 24 May 2016

BIS Shrapnel has issued a warning that Brisbane is facing an imminent oversupply of apartments, which is driving up the city’s vacancy rate despite many being kept empty by investors (presumably foreigners). From The AFR:

Rental apartments are now the majority – 58 per cent – of all apartments in the inner Brisbane area…

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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.