10 Jul 2021 The Melbourne Suburbs where Rental Prices have Fallen the Most!
The cost of renting an apartment in inner Melbourne has plummeted by as much as 24.5 % over the past year to historic lows and tenants are reaping the rewards, upgrading to better units and saving hundreds of dollars at the same time.
Thanks to the impact of COVID-19, regional “lifestyle” towns are in great demand, but if you’re an investor with a portfolio of inner-city apartments, then you will likely be going through a tough time right now with the rental return on apartments falling by as much as 25% so far this year.
Domain presents some very interesting statistics in their Domain Rent Report.
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