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.

What is the annual requirement for new homes in Melbourne according to Australia's Urban Development Institute?

What are some economists forecasting about the apartment prices in Brisbane and Melbourne?