Inner Melbourne Apartments > Report
Rising occupier demand for Inner Melbourne Apartments has largely kept up with record new apartment supply. Although vacancy rates have not risen significantly, rental growth has been weak and apartment price growth has been minimal in recent years. The weak price growth is now being compounded by falling investor demand in response to tightened credit conditions. Further high levels of new supply under construction through to 2020/21 will continue to dampen rents and prices in this period, before apartment completions fall away and result in the market tightening up again and precipitating the next cycle.
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