Melbourne’s apartment glut could get much worse

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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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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.