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1.Market Observations, 8.Was Sticky

1 Aug 2019 (AFR) – The hidden costs of Brisbane’s apartment correction

(1 August 2019, AFR, p31, Michael Bleby, Senior Reporter)

‘New figures show developers in Brisbane, in response to credit curbs and the loss of foreign buyers, have built fewer than half of all high-rise projects approved since 2009, meaning fewer new units have come onto the weakened market. The figures from data provider BCI, which tracks the status of developments, show that 58 of the 102 high-rise projects – four storeys and higher – approved in the Queensland capital since 2009 have not yet progressed to construction.’

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

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