Housing glut doesn’t stack up

Apartment numbers are rising, but dwelling construction remains weak relative to population growth.

Pick any major city in Australia and the chances are the skyline is dotted with cranes developing the latest in a series of apartment blocks.

Generationally low interest rates have led to a surge in investor interest in property. Developers have responded. Naturally enough, talk has started that a supply glut is developing and that investors must beware.

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