By Elizabeth Tilley - The Sunday Mail - News, page 5
Apartments Critically Short
More than a third of future apartment supply is at risk and existing stock could dry up within a month as shock new data reveals the extent of Brisbane’s housing crisis.
An exclusive report reveals the Queensland capital is falling further behind housing targets, with the cost of building a new apartment soaring and 35 per cent of future projects at risk of not being completed.
At the same time, Brisbane’s existing apartment market is running critically short of supply, with research from Place Advisory showing inner Brisbane currently has just one month of apartment supply available – the tightest conditions in more than a decade.
An exclusive report reveals the Queensland capital is falling further behind housing targets, with the cost of building a new apartment soaring and 35 per cent of future projects at risk of not being completed.
At the same time, Brisbane’s existing apartment market is running critically short of supply, with research from Place Advisory showing inner Brisbane currently has just one month of apartment supply available – the tightest conditions in more than a decade.