BIS: Apartment cycle at ‘theme-park scary’ precipice

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By Leith van Onselen

BIS Shrapnel is the latest to join the conga-line of analysts predicting a painful unwind of the apartment bubble. From Domain:

The apartment boom of the past four years is on a precipice and approvals will drop by more than 50 per cent in the downturn, a property research house predicts.

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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.