Landlords hit by glut of apartments

Original article by Michael Bleby,Samantha Hutchinson
The Australian Financial Review – Page: 5 : 21-Aug-14

The growth of the apartment market in Sydney and Melbourne has prompted a sharp downturn in rental income for landlords. RP Data notes that there has been a 6.4 per cent fall in weekly advertised rents for apartments in Melbourne’s Southbank precinct in the last year, and a 3.6 per cent fall in the Docklands. Property consultant Margaret Lomas says demand for apartments in Melbourne is significantly outpacing supply

CORPORATES
RP DATA LIMITED,CORELOGIC AUSTRALIA PTY LTD,DESTINY PROPERTIES PTY LTD,VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE

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