Population ponzi pushing Melbourne into rental crisis

Tuesday 3 October 2017

The Victorian Department of Health and Human Services (DHHS) has released alarming new data showing sharply rising rents, falling rental vacancies and listings, as well as a dearth of affordable rental options across the city.

As shown in the next chart, the annual growth in median rents across Metropolitan Melbourne increased to 4.2% in the year to June, with a clear upwards trend evident:

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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.