Australia's Apartment Boom Might Actually Be a Glut

The video discusses the housing market in Melbourne, focusing on the role of investors and the impact of low rental yields. Prosper Australia's research highlights speculative vacancies, using water usage data to identify underutilized properties. Despite a construction boom, there are concerns about oversupply. Urban development continues, with significant new housing projects underway. However, some economists predict a downturn in the housing market, similar to the mining boom's decline.

Why might investors choose to keep apartments empty in Melbourne?

• To avoid paying property taxes

• To maintain the newness and value of the property

• To reduce maintenance costs

• To increase rental yields

What method does the Prosper Australia report use to identify speculative vacancies?

• Surveying residents

• Analyzing water usage data

• Counting the number of cranes

• Monitoring electricity consumption

What percentage of Melbourne's housing stock was found to use less than 50 liters of water per day?

• 5%

• 2%

• 10%

• 8%

What is the Urban Development Institute's stance on Melbourne's housing supply?

• There is a significant oversupply

• A growing Melbourne will need more homes

• The market is perfectly balanced

• There is a shortage of housing

What is the forecast for apartment prices in Melbourne and Brisbane?

• Prices will fluctuate unpredictably

• Prices will decline

• Prices will remain stable

• Prices will increase significantly