Melbourne’s current rental vacancy rate has dropped from a high in 2012 of 4% down to just 2% in September 2019, with many areas now recording record low vacancy of under 1%.

  That means rents will rise.

In fact, in the last 3 years Melbourne apartment rents have already risen nearly 10%.

(Source: SQM Research)

BUT, 92% of ALL apartments in Melbourne now under construction have already been sold, so you will need to move quickly. 

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