Investing.com - Oversupply risks in the apartment construction market are growing in Australia in some regions such as Brisbane and Melbourne even as household mortgage worries lessen on tighter lending rules, the Reserve Bank of Australia warned in its biannual Financial Stability Review published Friday.
One way of lessening the risks of oversupply is to slow construction, the RBA suggested. "Given the significant volume of new apartments coming to completion in the next couple of years, slowing in the commencement of new projects could lessen the general risks of an oversupply in some years," the RBA said.