OK here it is vacancy rates in Sydney and Melbourne are both 4.2% and climbing as of Nov 08, which has doubled in both cities from 2% a year ago.
Also the number of listings has doubled in Sydney in the same time from 4% to 8%. In Melbourne the number of listings has risen from 4% to 6%.
Not that different to the 5% figure to England Elpus.....
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- we are just reverting to the mean !