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Melbourne property vacancy rates

Wed, 2008-04-09 18:26 — investor
City of Melbourne
City of Melbourne
Vacancy rates across metropolitan Melbourne have been falling consistently over the last year and now sit at a record low of 0.9 percent. This means that less than 4,000 of the approximately 450,000 rental properties in Melbourne are available (ABS).
  • The highest demand is within the inner suburbs around the CBD and the Dandenong region
  • Rental growth within the housing market was 21 percent in 2007, the best of any Australian capital city. Within the unit market rental growth was 15 percent, second only to Perth (Residex)

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