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Rising Apartments could make Prices Drop in Some Cities

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A rush of new apartments coming onto the market could put pressure on prices in some parts of Australia's biggest cities. Image: A block of residential apartments in Sydney (AAP)


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By Ricardo Gonçalves, Maridel Martinez

Source: SBS



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A rush of new apartments coming onto the market could put pressure on prices in some parts of Australia's biggest cities. Image: A block of residential apartments in Sydney (AAP)


It comes as Australian Bureau of Statistics figures show building approvals rose more than three per cent in February, driven by a nearly walong per cent rise in apartments.

 

Where the apartments are going up will be critical to prices.

 

 

 


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