Australian Property

Apartments for sale listings surging

Leith van Onselen
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By Leith van Onselen

The unprecedented boom in units & apartments construction, especially along the East Coast (see next chart), has been accompanied by a commensurate boom in for sale listings, according to new research from Core Logic.

ScreenHunter_14325 Aug. 03 10.24
According to Core Logic, units have increased their share of homes available for scale from just 26% in 2008 to 36% currently, with most of this growth driven by the East Coast capitals:

ScreenHunter_14326 Aug. 03 10.32ScreenHunter_14327 Aug. 03 10.32

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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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