Inner Brisbane Apartments > Report
The Inner Brisbane Apartment market has been characterised by a surge in supply over recent years, which is expected to peak in 2018. Supply has outweighed demand and an oversupply has developed. Development proposals for new apartment projects are being progressively deferred or abandoned and this will see the rate of additional stock decline sharply as the current round of apartments under construction are completed. Landlords have been coping with excess supply by discounting rents and this has prevented excessive rises in vacancy rates. Nevertheless, the excess stock is expected to continue to weigh on both rents and prices until the excess apartment stock is gradually absorbed.
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