Market deteriorates for Brisbane OTP apartments

Wednesday, 10 August 2016

The AFR has reported today that sales of Brisbane off-the-plan (OTP) apartments crashed by 44% over the June quarter, just as new supply is surging:

Place Projects’ latest report shows that overall the inner Brisbane apartment market recorded a total of 464 unconditional transactions during the June quarter, the lowest level of sales since the December quarter in 2012.

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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.