Melbourne's Rental Market Cooling, but Still Expensive

Last modified: 13 May 2025, 16:20

Category: Melbourne

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While rental demand in Melbourne is showing signs of slowing, it remains one of the priciest cities to rent in Australia. Recent reports indicate that vacancy rates have gone up slightly, signaling a slight reduction in rental pressure. However, experts caution that the overall market remains competitive, especially for inner-city apartments and properties close to key amenities. Renters continue to struggle with affordability, with some opting for suburban areas where rental prices are slightly lower.