Tenants rejoice as property rents crash

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9News Melbourne has run a segment on the collapse in rents across the city. The segment features SQM Research Managing Director, Louis Christopher, who is recording massive increases in rental vacancy rates in and around the CBD:

“Effectively anywhere within around 3kms radius of the CBD itself we are recording very high vacancy rates in some areas of around 13%”…

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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.