Apartment markets disrupted, not destroyed by COVID
Clearance rates have fallen and new project launches are getting scarce, but research from Urbis shows apartment markets across the country are holding relatively firm despite the challenges of the pandemic.
Melbourne project launches are slowing, but approvals are on the rise. Photo: Qian L/Shutterstock (Image source: Shutterstock.com)
Clearance rates have fallen and new project launches are getting scarce, but research from Urbis shows apartment markets across the country are holding relatively firm despite the challenges of the pandemic.
Urbis’ quarterly Apartments Essentials report showed the clearance of available stock in the second quarter of 2020 dropped to 10 per cent as a national average, a five per cent drop from the previous quarter.
The data represented the first…
