PHOTO: Place Advisory’s Lachlan Walker. Source: Supplied
The oversupply of apartments in the Brisbane market has been a hot topic in recent months but experts are now predicting a looming undersupply within five years.
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Research by PRDnationwide puts the shortfall at 15,500 apartments by 2023.
“There’s always going to be a two to three-year horizon for developers to be making changes and … this year there’s a bit of a low but it flings back up a little bit in 2020,” PRDnationwide research analyst Josh Mangleson said.
“That’s reflective of the fact that developers put on their brakes in the last year or so.”
The latest Place Advisory Apartment Report said Brisbane was now on the “cusp of change” after a period of significant construction.
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