JLL data showed the number of apartments under construction in the inner-city regions of Australia’s six major capital cities fell a further 12% in 2Q19 to 39,660 apartments and was down 21% over the past year.
Lending restrictions mean fewer projects will proceed to construction: JLL
Australian building completions are likely to remain strong in 2017, but softer prices and tighter lending mean a slower 2018, though conditions vary from city to city, says JLL.