Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Melbourne rental vacancies drop below one per cent

Staff Reporter 1 minute read

Melbourne rental vacancies have fallen for the first time on record below one per cent.

According to Real Estate Institute of Victoria (REIV) chief executive Enzo Raimondo a rental vacancy rate of below one per cent is unprecedented, calling on the government to take action to increase public and private investment in rental stock.

Across Melbourne rental vacancies are sitting at 0.9 per cent; the CBD vacancy rate is an even lower 0.5 per cent.

Mr Raimondo said a desirable vacancy rate would be around three per cent.

Published: 20-03-08

Melbourne rental vacancies drop below one per cent
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
mortgage document sign ta 1 in 5 borrowers lies on loan applications

One-fifth of Australians have admitted to not telling the whole t...

money au ta Judo Bank valued at $1.9bn after equity raise

The SME challenger bank has announced its latest equity funding r...

gentlmen handshake Choice announces commercial white label service

The aggregator has partnered with a finance brokerage to add a co...