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Apartment supply to determine p...

Apartment supply to determine property prices

One of the biggest drivers of excess supply — and a pace of rental growth that is at last letting Australians’ incomes catch up to their housing costs — has been a shift in the housing stock from single-family homes on quarter-acre blocks of land to apartments.

One of the biggest drivers of excess supply — and a pace of rental growth that is at last letting Australians’ incomes catch up to their housing costs — has been a shift in the housing stock from single-family homes on quarter-acre blocks of land to apartments.…

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