Tuesday, May 31, 2011

Supply Glut Growing in Brisbane

"Brisbane buyer are spoilt for choice as a record number of new apartments hit the market, with more on the way. There are more than 2500 new apartments for sale in the city, a rise of 15% in the three months to March..."

Colliers says "market imbalance" would get worse as more inner-city projects were scheduled for release int he second half of 2011.

Source: AFR, page 52 (31 May 2011).

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