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Latest Apartments Markets News

Inner city apartments become a no go zone

Apartments in Melbourne and Sydney’s inner cities have become some of Australia’s most risky investments, with vacancies piling up, weekly rents reducing and selling prices starting to move downwards.

Melbourne's Docklands
Heightened levels of supply in recent years has resulted in soaring vacancies in inner city precincts such as Melbourne's Docklands. Photo: Shutterstock

Apartments in Melbourne and Sydney’s inner cities have become some of Australia’s most risky investments, with vacancies piling up, weekly rents reducing and selling prices starting to move downwards.

While positivity is permeating through most property markets in Australia, one market segment is struggling to catch the rapidly growing wave of improving buyer sentiment.

COVID-19 has shaken inner city markets across the country, as international…