Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Thursday, 20 April 2017

Units! Thousands of 'em

Roll up

Australia built more than 211,000 dwellings last year, which has meant big bickies for developers, with many apartments being sold offshore. 

And a record 95,000 of dwelling completions were attached dwellings.

Here's where...


Thousands of 'em, indeed.

And here's what is still under construction, in relation to attached dwellings only...


It's a lot, and non-resident buyers are finding financing much harder to come by. 

We're now seeing fairly widespread evidence of significant discounting on new apartment projects in Brisbane.