Melbourne Sees Surge in Ex-Rental Listings Post-Tax Changes
A new PropTrack report reveals a significant investor exodus in Victoria, leading to a tighter rental market with median rents rising 5.3 percent to a record $600 weekly. Investor loans for established homes have fallen, though new housing appeals more.
This trend in Melbourne's western growth corridor could mean fewer rental options and higher rents for tenants. Investors might consider new builds, but competition for existing properties could ease for owner-occupiers.
Summarised by Ravs Realtors from reporting by realestate.com.au.



