Not exact matches
Sales of five new complexes were started from July to September 2016, adding 353 flats and
apartments with a total area of
more than 35,000 square metres to the
supply.
I've had my own share of difficult days on the road, perhaps none
more so than the first day of our 13 - month adventure with Tommy, which involved a nightmarish rental
apartment and an insufficient
supply of baby food.
Hotels and serviced
apartments in the Northern Territory are usually
more expensive than other cities in Australia, given the remote nature of the Northern Territory and under
supply of hotel rooms during high season.
1 The Rochestown House flats prior to the refurbishment; 2 aerated concrete blocks were chosen to form new build elements, including a new third storey that allows for
more generous
apartment sizes; 3 new triple - glazed windows were installed outside the masonry layer so that the external insulation could wrap around them, and help prevent thermal bridging; 4 the airtightness layer was moved to the outside of the structure by taping the joints of the existing concrete panels, then extending that tape up onto the aerated blocks in the new floor; 5 Aerobord platinum EPS external insulation being fitted to the original concrete panel walls; 6 & 7 the new window frames visible here in the external insulation layer, including Rockwool fire breaks; 8 openings for exhaust and
supply intakes for the new Zehnder heat recovery ventilation system, seen here prior to being insulated and airtightened; 9 installation of the Bauder bitumen roofing membrane.
Even as new
apartment completions bring
more supply to many markets, the multifamily sector will still likely see a vacancy rate decline from 6.6 percent to 6.1 percent.
Even with
more supply and weaker demand, the
apartment market in two years should still be strong enough to support rents that, on average, will grow faster than the rate of inflation, experts say.
That pattern bodes well for the
apartment market, as dispersed deliveries are
more easily absorbed, limiting the impact of new
supply on any one particular area.
Apartment buildings in beach communities can sell for 15 - 30 x's gross rents, while buildings in Hollywood, where there is
more supply and less demand relative to an LA Beach Community, may only command 12 - 18 x's gross.
«Certainly there is
more supply of
apartments than we might typically see in other housing cycles, but it's
more than offset by the fact that the rest of the housing business is really undersupplied,» he said.
The larger number of REITs means there are
more entities chasing the relatively static
supply of good
apartment projects that come up for sale, thus raising prices at a time when yields are declining.
Landlords of expensive new
apartments in downtown markets are likely to be offering significant concessions over the coming months as even
more supply comes online, both news sources conclude.
This submarket's inventory growth rate since 2012 is 71.0 %, including new
apartment supply plus read
more