Saturday, May 28, 2011

Too Many Apartments

"According to Place research analyst Lachlan Walker, there were 2015 apartments available for sale off the plan at the end of the March quarter, the equivalent of about two years' supply given current sale rates.

There also are another 2000 off-the-plan apartments that could potentially be put on the market by the end of the year.

Mr Walker said the first three months of the year had been challenging for all types of residential property."

See Courier Mail: Unit Supply Hits New Heights

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