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The Age this week published the below chart showing the dramatic surge in retail vacancy rates across Melbourne’s strip shops:
Source: The Age
As shown above, Melbourne’s vacancy rate has risen from around 3% in the late 2010s to around 10% currently.
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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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