Brisbane apartment sales collapse

Thursday, 1 June 2017

Via AFR:

The volume of new apartment sales in Brisbane has collapsed by more than 70 per cent in a year, according to analysts Urbis’ latest market report.

The rapid contraction in the apartment market saw just 302 sales in the March quarter down 37 per cent on the previous quarter and well down from the 1032 sales in the previous corresponding period last year.

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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.