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JLL has forecast that new apartment completions across Australia will fall from 23,200 in 2018 to 16,000 in 2019. From The AFR:
New apartment completions nationally will drop by almost one-third this year to 16,000 from 23,200 last calendar year, as a consequence of the regulator-driven curbs on mortgage lending and conditions will remain tight in the short-term, the commercial real estate agent said in its latest regular report on the national high-rise unit market…
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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.
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