“Even if they’ll be forced to do it during the most
- February 3, 2016
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Canberra housing boom in the past decade is the biggest on record for the ACT and has created an oversupply of more than 6000 apartments in the city, butif the population continues to grow at current rates, it is likely to soak up the excess supply. The boom had led to an oversupply of about 6700 dwellings, the vast majority of which were apartments or attached dwellings, Associate Professor Ben Phillips, an economist at the Australian National University, said. On top of that, there was still a strong pipeline of new dwellings in the works, according to still rising building approvals data, expected to be built in the next 18 months, despite a fall in the first three months of this year.
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