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Melbourne’s high-rise apartment boom is well and truly over, with apartment completions hitting a six-year low across inner Melbourne:
Advisory firm Urban Property Australia forecast fewer than 4000 apartments to be added to the key inner-city precinct in 2019, which comprises the CBD, Docklands, Southbank and 11 other suburbs including North Melbourne, Carlton, Parkville, Port Melbourne and South Yarra.
Beyond 2019, a further 12,600 apartments are under construction within the inner-city suburbs and scheduled for completion by 2022…
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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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