8,000 Empty Apartments: The Melbourne Housing Crash No One’s Admitting

Melbourne’s apartment market is facing its biggest crisis in decades—and the Victorian Premier is finally feeling the pressure. Despite Premier Jacinta Allan’s new stamp duty concessions, experts warn the policy won’t fix the real issue: 8,000 completed apartments sitting empty across Melbourne, with developers unable to sell them and owners falling into negative equity.

In this video, I break down the Melbourne apartment market collapse, why prices are still falling, and the suburbs being hit the hardest—Southbank, CBD, Footscray, and Box Hill. You’ll see how buyers like Sarah, a first-home owner trapped with a $3,300 monthly mortgage, represent thousands of young Victorians caught in the same financial nightmare.

You’ll learn:

Why brand-new Melbourne apartments are being discounted by $240k–$420k

How interest rate rises are forcing owners into negative equity

Why developers are holding $4.8 billion in unsold stock

How construction has plunged to its lowest levels since 2008

Why the government’s stamp duty cuts may actually make the crisis worse

If you’re a buyer, investor, renter, or following the Australian property market, this is a must-watch breakdown of what’s really happening—and how far Melbourne apartment prices could still fall.

📉 Is a 30% price drop next?
📈 Which suburbs are most at risk?
🏘️ Will this spread to other Australian cities?

I’m tracking the data every week—unsold stock levels, price changes, and the government’s next moves.
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