The Situation for Melbourne Apartments Is Related to Supply Relative to Demand

The restrictions on lending that existed in two thousand and 15 and 16, they're gone. And so what you've got is a very large amount of construction that occurred a few years ago. But then at the samer shortly after that, emigration went to zero. So you're stuck with generic apartments. They all look the same, the they're built in a style that doesn't appeal to domestic investors and domestic buyers. Without that international demandae prices aren't going up as much wo as houses and property elsewhere, i suppose.