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Brisbane inner city apartment situation

Discussion in 'General Property Chat' started by DiligentPM, 29th Aug, 2016.

  1. DiligentPM

    DiligentPM Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    443
    Location:
    Brisbane
    Dear Property Chatters,

    I thought to include a couple of recent articles in relation to the current apartment market in the inner Brisbane areas:

    Brisbane facing apartment oversupply, says BIS Shrapnel

    No Cookies | The Courier Mail

    Nocookies

    Apartment oversupply may trigger crisis | The New Daily

    Yet the developers are pushing back stating there is no over-supply as per below:
    Brisbane developers hit back at reports of apartment oversupply

    As agents, we have experienced a significant reduction of inquiries for apartments from tenants - when we do have interested enquirers for an apartment, they usually have a long list of properties to inspect due to the smorgasboard of choice available.

    Curious to hear what other members are thinking particularly the brokers...
     
  2. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    4,907
    Location:
    Sydney
    Well, developers obviously want people to think there's no oversupply so they have buyer to buy their product so they can make money... haven't opened any of your links but I wonder if the developers paid the publisher to run that story....
     
    DiligentPM likes this.