Australian Property

Melbourne apartment construction to “fall off cliff”

Leith van Onselen
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Melbourne’s high-rise apartment segment is clearly sick.

With Australia’s international border closed, and foreign students blocked from entering Australia, inner-city apartment rents have collapsed, falling by between 16% and 30% in the year to March 2021, according to Domain:

Melbourne inner-city apartment rents

Inner-city apartment rents have collapsed across Melbourne.

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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.