MELBOURNE PROPERTY VACANCIES 2010

PARASITES RUN

EarthSharing Australia has published its 2010 update of properties held vacant in Melbourne. The speculative vacancy rate has dropped from 6.84% in 2009 to 4.94%, suggesting that many Melbourne ‘investors’ (read speculators seeking capital gains) have read the signs and taken their money and run before the property market tanks.

Although the average vacancy rate across Melbourne is one in twenty properties, the EarthSharing survey reveals several suburbs having as many as one in every thirteen properties being held vacant.

(Read the full report here.)

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