Prices of apartments in Australia are set to fall across almost all Australian capital cities as massive volumes of new stock lead to oversupply in several markets, a new report says.

In its latest report, BIS Shrapnel says unit and apartment prices are likely to fall in absolute terms over the three years to 2019 in Brisbane, Melbourne, Sydney, Canberra and Darwin and remain flat in Adelaide and Perth. Detached house prices will also fall in real terms in Sydney, Melbourne,…