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Monday, February 11, 2012
Inner Brisbane apartment market to recover from GFC-induced collapse
Leading industry analyst and economic forecaster, BIS Shrapnel, says there will be enough tenant demand to absorb the current pipeline of apartments being marketed in the inner Brisbane area. However, the likelihood of further new projects entering the pipeline that will add to supply beyond the next couple of years will eventually lead to an excess of apartments.
According to BIS Shrapnel’s Inner Brisbane Apartments 2012 to 2019 report, a combination of new and latent tenant demand, as well as the volume of apartment pipeline being made available as affordable rental under the National Rental Affordability Scheme (NRAS), will ensure that the current potential apartment supply will be able to be absorbed.
Contact: Angie Zigomanis