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The surprising effect on house prices of building 1000 new apartments
More supply of homes relative to demand should put downward pressure on property prices, conventional wisdom says. It’s complicated.
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afr.com
Home builds are stalling in Sydney’s west as costs outstrip values
Developers are moving to affluent areas where they can make a profit on luxury apartments. If supply doesn’t pick up, essential workers may leave.
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theage.com.au
The surprising effect on house prices of building 1000 new apartments
More supply of homes relative to demand should put downward pressure on property prices, conventional wisdom says. It’s complicated.