In sobering news for off-the-plan investors, new research has revealed more than half of new apartments bought in Melbourne and then re-sold in the last five years have been re-sold at a loss.
Borrowing for off-the-plan apartments is getting tougher as lenders crackdown on property valuations for loan approvals.
New standards are in for Victorian apartments to make sure new constructions have enough light, air and storage.
Investors looking to buy an apartment don’t always have to choose a two bedroom unit over a one bedroom to get great return
The boom in apartment building looks set to end, with new research predicting a 50 per cent reduction by 2020.
Drones are so 2016, and they are increasingly being used as a tool for building inspections.
Some inner city apartments are selling for up to 24% less than purchase price
Property developers have issued a warning to the RBA that if they keep talking up apartment oversupply fears, it will cause more banks to withdraw
Inner city apartments in Melbourne are suffering from a glut of oversupply. Analysts are concerned that prices in these CBD dwellings could fall as a result.
There are more apartments being built in inner Melbourne right now than at any time in history.
