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Melbourne's apartment market has collapsed into crisis, with 8,000 completed apartments sitting unsold across the city representing 17% of all units built between 2020 and 2024. While Premier Jacinta Allan announces stamp duty concessions, the policy does nothing to address the billions of dollars in existing stock that developers cannot move. Here, I've breakdown the real data, the real stories of apartment owners trapped in negative equity, and why the Victorian government's stamp duty concession misses the point entirely. 🎯 Subscribe to Aussie Explained - Housing for weekly breakdowns of Australia's property markets. #MelbourneProperty #VictorianProperty #MelbourneRealEstate #AustralianHousing #JacintaAllan #MelbourneCBD 📊 Data Sources: Charter Keck Cramer, JLL (Jones Lang LaSalle), Urban Property Australia, Real Estate Institute of Victoria (REIV), Cotality (CoreLogic), Victorian Government, Urban Development Institute of Australia ---- Disclaimer: We're housing market analysts not licensed real estate agents, financial advisors, or property professionals. All content is based on publicly available data, market research, and analysis, and is shared for educational and informational purposes only. Always consult a qualified professional or financial advisor before making any property, investment, or financial decisions.