Why rental vacancy rates are understated

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By Leith van Onselen

The ABC’s Michael Janda has posted an interesting article questioning why rental vacancies in Melbourne and Sydney are tight amid record dwelling construction and low rental growth:

The Bureau of Statistics inflation figures for the year to March 31 show Sydney and Melbourne rents growing at their slowest pace since June 2006, at just 2.3 and 1.4 per cent respectively…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.