And now a similar story from the ABC, in May: http://www.abc.net.au/news/2018-05-16/apartment-glut-offers-massive-discounts-brisbane-properties/9764558
But "the worst is over" - every agent who comments on stories like this always insists the worst is over.
May 16, 2018 at 9:01 AM
"A mass apartment fire sale could be set to swamp Brisbane in the next 12 months — allowing would-be first home buyers to finally get a foot on the property ladder.
The inner city housing market is in the grip of an apartment glut thanks to a “record boom” in high-density dwelling construction, according to economic forecaster BIS Oxford Economics.
But it means now could be the best time to bag a bargain.
Managing director Robert Mellor is predicting a frenzy of discounting by developers to take hold for at least another year, with prices for remaining stock in some projects to be slashed by at least 10 per cent to 15 per cent."
See Courier Mail story
"Fire Sale"
1 Comment -
And now a similar story from the ABC, in May:
http://www.abc.net.au/news/2018-05-16/apartment-glut-offers-massive-discounts-brisbane-properties/9764558
But "the worst is over" - every agent who comments on stories like this always insists the worst is over.
May 16, 2018 at 9:01 AM