Despite concerns about oversupply in Melbourne's CBD residential market and tepid rents, Australia 108 has enjoyed flourishing sales even prior to launch.

A new development which is slated to be Melbourne’s tallest building upon completion has reportedly secured over 300 sales during the pre-launch period. At the launch event for Southbank development Australia 108, CBRE Melbourne residential projects managing director Andrew Leoncelli said that sales for the project have already proven extremely successful….