Melbourne’s apartment glut could get much worse

Last week we published domain data showing that inner-Melbourne apartment rents have collapsed, falling by between 16% and 30% in the year to March 2021:

Melbourne inner-city apartment rents

Inner-city apartment rents have collapsed across Melbourne.

Shortly after it was revealed that many investors had dumped their Melbourne apartment holdings, taking losses of 30% to 40% in the process.

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