Markets

Renters are flocking to Melbourne’s student-heavy areas, Domain data shows, as national rental vacancy rates hit pre-pandemic lows

Australia’s rental vacancy rate has fallen to pre-pandemic levels, according to Domain. Melbourne remains a unique outlier, with a residential rental vacancy rate of 3.8%, and a faster downturn than any other capital city. Data suggests Victorian renters may be flocking to traditionally student-heavy suburbs left empty by border closures. […]
Renters are flocking to Melbourne’s student-heavy areas, Domain data shows, as national rental vacancy rates hit pre-pandemic lows