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Melbourne apartment building rates ‘to fall off a cliff’ – The Age

Annual completions are tipped to fall to just 800 across the state within three years.

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Theres no doubt that 2020 saw a shift in demand from inner-city living to our suburbs and regions, but apartment completions are fast heading towards a cliff, Mr Kandelaars said.
Despite current pandemic-induced trends, a city the size of Melbourne demands housing diversity across our suburbs, but also through larger-scale developments in our central city.
Theres simply no way that the forecast level of apartment completions can cater for a city of the size and scale of Melbourne.
Dr Warren-Myers…

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