Melbourne rental vacancy to fall on undersupply, SQM says.

Melbourne rental vacancy to fall on undersupply, SQM says.

Melbourne has the tight residential vacancy rate of 1.7 percent and that will lower by 2019 as new housing supply slows due to less investment by local and foreigner buyers, SQM says.

But while vacancy rates in Melbourne and Sydney(2 percent) were unchanged in August from July, an improvement in other capitals painted the picture of residential markets in he rest of the country starting to move after years of stagnation or even being in reverse, the latest figures from the consultancy SQM Research show…. Read more