Population ponzi drives Melbourne “rental crisis”

Wednesday 12 September 2018

Melbourne’s immigration-driven population boom, which has seen the city’s population surge by nearly 600,000 people over the past five years, is causing a “rental crisis”. From The Guardian:

Record-low vacancy rates and a booming population have fuelled claims of a looming rental crisis in Melbourne, as tenants’ advocates and the real estate industry clash over new laws that hand increased rights to Victorian renters.

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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.