Brisbane to never again run out of apartments

Thursday, 5 April 2018

The oversupply of apartments in inner Brisbane may not be resolved until 2021, despite the cancellation or deferral of 52 new projects.

A BIS Oxford Economics report shows 8300 apartments will be completed in 2017-18 — a record for apartment completions in Brisbane. And another 5000 apartments are in the pipeline for 2019, putting downward pressure on prices and rents.

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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.