Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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

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"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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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.