Seeds sown for Australian apartment recovery
The outlook for the apartment sector has brightened over 2021. The latest data points suggest the sector has passed the trough. The return of investors, the reopening of the international border and an affordability-based shift toward apartments in some cities will underpin unit prices outpacing houses over the coming years. A strong pipeline of institutional programs, the impending completion of major new public transport links across Australia’s major cities, and an emergent build-to-rent sector further cement this rosy outlook.
Talking points:
- The return of overseas migration is eagerly anticipated by many sectors…but when will it be?
- What are the current levers helping to make apartment developments more viable?
- Will the gulf between apartment and house prices continue to grow wider?
Geoffrey Snell
Principal Property Economist
Geoffrey Snell
Principal Property Economist
Geoffrey Snell | Principal Property Economist
Geof is a member of BIS Oxford Economics’ residential property team, analysing housing markets and demographic trends, and forecasting capital city house prices and rents. He has a background in property analysis including land studies, market commentaries, supply-demand estimations and economic impact assessments. He is responsible for the suite of residential subscription products and consultancy outputs on the residential property market.
Maree Kilroy
EconomistMaree is an economist in the building forecasting team at BIS Oxford Economics, analysing demographic trends, housing markets and policy shifts. Having worked in industry economics for seven years, Maree’s primary responsibility is residential and renovation construction forecasts.
Maree Kilroy
EconomistMaree is an economist in the building forecasting team at BIS Oxford Economics, analysing demographic trends, housing markets and policy shifts. Having worked in industry economics for seven years, Maree’s primary responsibility is residential and renovation construction forecasts.
Maree Kilroy | Economist
Maree is an economist in the building forecasting team at BIS Oxford Economics, analysing demographic trends, housing markets and policy shifts. Having worked in industry economics for seven years, Maree’s primary responsibility is residential and renovation construction forecasts.
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