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1.Market Observations, 2.Strategy, 8.Was Sticky

27 Sept 2016 (AFR) – Melbourne apartments have ‘come off a peak’: BRW richlister Ashley Williams

(27 September 2016, AFR, p34, by Larry Schlesinger)

‘BRW richlister Ashley Williams says Melbourne’s off-the plan apartment market has peaked with fewer investors participating amid heightened concerns about oversupply and higher taxes imposed on foreign buyers. Mr Williams, who runs developer Evolve alongside fellow rich lister Ron Walker, told the Australian Financial Review the market was “steady, but not super strong”. “We’ve come off a peak. There’s been a lot of talk about over supply and there being too many small apartments and the market has responded by pulling back.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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