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1.Market Observations

23 Aug 2014 (AFR) – Apartment glut puts tenants on top

(23 August 2014, AFR, p7, Rebecca Thistleton)

‘Rising apartment construction has tipped the rental market in tenants’ favour, while rising prices and ­vacancies stymie investor yields. Low interest rates, strong property sentiment and offshore investment has sparked an investor-driven apartment boom in the capitals. Offshore buyers are only allowed to buy new property, and combined with state government stamp duty incentives for new builds, have fuelled demand for inner city, off-the-plan apartments.’

Read more at AFR.com (might need AFR login access)

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