Apartment values could tumble 20%

FallingHomePricesDo you own an apartment investment? I certainly have apartments in my portfolio – so I was surprised to hear about this prediction from AMP Capital’s chief economist Shane Oliver.

He has forecast that apartment prices in capital cities could fall between 15 to 20 percent over the next two years.

In his latest briefing to the investment market, he said that apartments were more vulnerable than houses because “there was a massive multi-dwelling building boom going on in Brisbane, Sydney, Melbourne and Perth”.

He has previously reported:

“I wouldn’t be surprised to see outright price falls in apartments in Sydney, Melbourne, Brisbane and Perth.”

“So people are better off waiting until the dust settles to see if there are any opportunities to buy apartments with a lower price tag.”

“Obviously if you are buying in an area where there are lots of cranes around, the price falls are going to be greater.”

I tend to take ‘the sky is falling’ predictions of gloom such as this with a grain of salt – but Dr Oliver’s prediction is in line with my belief that a recession is coming to the Australian economy.

In fact, I so strongly believe a recession is coming that I’ve prepared a Recession Report to help educate investors about what is to come. If you’d like a free copy of this report, feel free to email me at helencollierkogtevs@realwealthaustralia.com.au.

After all, as I always say, forewarned is forearmed – and education is your key to success as a property investor, now and always.

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Become a successful Property Investor

Start Here With Your Free Investment Gift Pack Valued at $297
how to project manage your renovation

Get one step closer, Fill in the form below

  • This field is for validation purposes and should be left unchanged.

More from Real Wealth Australia

How to Maximise Your Most Important Investments this Christmas_7

How to Maximise Your Most Important Investments this Christmas

Your biggest investment: what it is and how much is it worth? If it’s your home, it could be worth a fair chunk of change. …

What happens if your tenant doesn’t pay the rent during COVID_

What happens if your tenant doesn’t pay the rent during COVID?

I recently received a question from one of my subscribers… I have a question that I have noticed no one is bringing up since Covid …


My top 2 areas to invest in during the current market!

If you are in the market to buy property right now, then I have some news for you. In today’s video (blog), I’m going to …