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Domain has released new data quantifying the collapse of Melbourne’s inner-city rental market.
According to Domain, rental prices for inner-city apartments have collapsed by up to 29%, as illustrated in the below table:
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.