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1.Market Observations, 8.Was Sticky

20 Oct 2017 (TheAge,SMH) – RBA calls out Brisbane apartment glut risk

(20 October 2017, The Age, BusinessDay, p21, Clancy Yeates)

‘A senior Reserve Bank official has flagged concerns about the “awful lot” of apartments due to flood the Brisbane property market, and the potential hit facing investors who had bet on making capital gains. Michele Bullock, assistant governor for the financial system, on Thursday signalled that the RBA’s long-running worries about an oversupply of apartments were most acute in relation to Brisbane, but it was more comfortable with the wave of high-rise construction in the other east coast capitals.’

Read more at SMH.com.au

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