CBD Apartments -Set for a Shock?
By Simon Rodger
New reports from global and financial institutions are now warning about what we have suspected for quite some time - CBD apartments are likely to fall across the country. Brisbane, Melbourne, then Sydney look most at risk, with Perth already suffering lower prices and increasing vacancies.
Although this might eventually present some buying opportunities for those priced outof the market, there may be some pain to come first, from less activity in the construction sector and higher unemployment.
As always with property, it is the exact location and exact type of dwelling that is most important, along with your own financial situation, appetite for risk and investment preferences. Seek advice!