Rental Crisis Spurs Property Investor Boomrental crisis investor boom rising rents low vacancy real estate boom

Melbourne’s 284,000 renting households are finding themselves caught between a rock and a hard place.

On the one hand vacancies for rental properties are at an all time low 1.7% – and landlords know it. This is especially true in inner city suburbs such as Carlton, Richmond and South Yarra, where vacancy is just 1.5%.