Losses mount for Brisbane apartment investors

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By Leith van Onselen

McGrath Real Estate’s Frank Gosdschan has warned that Brisbane unit holders looking to sell are destined to lose money if they have held their property for less than five years. From The Australian:

Amid sluggish capital growth and an influx of new apartments on to the inner-Brisbane market, the McGrath agent said sellers had to be aware they probably would lose money if they had held the unit for fewer than five years.

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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.