‘I’ve been applying for everything’: Melbourne rents at record highs
AI Summary
Melbourne rents have reached record highs, with rents above year-ago levels and vacancy rates remaining low. Experts describe conditions as favoring landlords, while renters report struggling to secure housing.
Experts say Melbourne is a landlords’ market as rents are higher than a year ago and the vacancy rate holds at a low level.
World Markets Real Estate Melbourne rental market record rents low vacancy landlords housing affordability