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After six months of hard lockdown and collapsed traffic flows, alongside near zero immigration, Melbourne’s CBD resembles a ghost town.
Not surprisingly, Melbourne’s CBD has been hardest hit by commercial rental vacancies:
Melbourne’s CBD is Australia’s most damaged commercial property market, with more shops listed for lease than anywhere else in the country during the pandemic.
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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.
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