Business
Melbourne’s empty rentals soar by 20 per cent in one month, other capitals hold strong – Domain News
The impact of a stage four lockdown on the rental market is clear: new data has revealed the portion of available, empty rental properties is up by a whopping 140.7 per cent in Melbourne compared to t
The number of vacant rentals in Melbourne has skyrocketed, with properties flooding the market and causing a spike in empty listings of 20 per cent last month alone, new data shows.
New data from Domain has laid bare the impact of the stage four lockdown on the rental market, revealing the portion of available, empty rental properties is up by a whopping 140.7 per cent compared to the same time last year.
Melbourne’s vacancy rate, which represents the portion of available, empty rental propert…
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