Australian Property

Population ponzi drives Melbourne vacancy rate to 11-year low

Leith van Onselen
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By Leith van Onselen

Remember this chart? It shows that Melbourne’s population surged by an all-time high 108,000 people in the year to June 2016:

Well, according to SQM Research, the population surge in Melbourne has pushed the city’s rental vacancy rate to an 11-year low of 1.5%:

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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.