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Latest Melbourne Apartment Supply News

Cautious optimism returning for Melbourne apartments

Investors are cautiously creeping back into Melbourne apartments, under the assumptions that the market has bottomed and prospects for rental and price growth are improving for the medium-term.

Abstract photo of Melbourne apartment building
Future supply of apartment projects is dwindling in Melbourne, as developers look to clear their current stock. Photo: Qian L/Shutterstock

Investors are cautiously creeping back into Melbourne apartments, under the assumptions that the market has bottomed and prospects for rental and price growth are improving for the medium-term.

Of all Australian capital city apartments markets, Melbourne’s has probably felt the most pain from the pandemic

, with the closure of international borders resulting in widespread vacancies, falling rents and plunging values.

But Urbis director Mark Daws…