"Chinatown"-Official media of Chinese Australians

There is an oversupply of apartment buildings in central Melbourne, and about a quarter of the apartments are sold at a loss by homeowners.

CoreLogic RP Data senior research analyst Cameron Kusher said that a large number of apartments in the city center have been listed, which has a negative impact on property sales prices.

According to data from the Australian Bureau of Statistics, it is beneficial that from the beginning of the year to April, more than 4 apartments in the Melbourne CBD have been approved for construction (the number is the highest in Australia), so this oversupply situation may continue. .

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Past data shows that if the homeowner wants to recover the cost of buying a house, the average holding time of the property needs to reach 11.5 years.

News compiled from "ABC News"

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