MARCH 9, 2017
:Melbourne is (already) in the midst of a rental crisis....
Did you know that vacancy rates in Melbourne currently (Jan 2017) stand at just 2%, the same as in Sydney?
Even the Melbourne CBD has been quietly dropping since January 2014 when it was at 8.9% due to oversupply, to a current 3.4%
With new measures being introduced by the Victorian Government certain to mean vacancy rates will drop further, rents will increase, and poor quality projects will be dropped, what will happen to tenants? or is it ALREADY happening?
Read this new story that just appeared in the Melbourne AGE newspaper.