Canberra’s apartment boom “plagued with defects”

Monday, 2 September 2019

The ABS’ latest data shows that the ACT experienced a monumental boom in high-rise apartment approvals before crashing 48%:

And developer Geocon has driven the high-rise boom across Canberra:

While many developers across the country, facing lacklustre demand for apartments during the housing downturn, have scaled back their construction pipeline, Geocon is continuing full steam ahead.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.