article_snippet.sent: A new housing development at 88 Alfred Street in Milsons Point, on the lower north shore of Sydney, with panoramic views of the harbour .
article_snippet.sent: One market we've been concerned about for quite a long time is inner city apartments in Melbourne, such as in Docklands, Southbank and the CBD. '
article_snippet.sent: BIS Shrapnel managing director Robert Mellor said there is a likelihood Perth, Canberra and Adelaide will see declines. '
article_snippet.sent: Perth is seeing a substantial turnaround in supply at the moment and a reduction in underlying demand,' BIS Shrapnel managing director Robert Mellor said. '
article_snippet.sent: Even in markets like Adelaide construction has been relatively strong and as a result there could be some excess supply.
article_snippet.sent: This new housing development is at 8 Bank Street in the West End, Brisbane.
article_snippet.sent: Brisbane will also be relatively stable, economists say . '
article_snippet.sent: Canberra has a significant excess supply because of overbuilding of inner city apartments.'
article_snippet.sent: In Sydney the underlying level of demand is so strong relative to supply, and the fact this is a market where there hasn't been enough building.
article_snippet.sent: Brisbane does have some risk that problems could occur but then again the timing of that is going to be dependent on how much more supply comes into this market over the next couple of years.'
article_snippet.sent: In Sydney the underlying level of demand is so strong relative to supply, and  there hasn't been enough building activity, BIS Shrapnel managing director Robert Mellor said .
highlights_snippet.sent: Biggest hit will be in markets where construction supply has been strong, such as inner-city Melbourne and Perth .