Urbis undertook detailed sales analysis of 57 projects in Quarter 3 2019 for the Apartment Essentials series. Sales across these projects suggest the market is slowly picking up.
Apartments are an essential part of the housing market. The trends shaping Melbourne’s future reveal a clear need for them. Affordability and population growth are two major factors that can be better managed with more apartment supply. Market confidence is emerging from a two-year time-out, with slower sales rates, declining approval rates and fewer launches coming to a head, questions are being raise about how to accommodate Melbourne’s growing population in the short term.