Many Melb suburbs' homes have extraordinarily high vacancy rates, near 12%. On tonight's news. To me that means they're not held by individuals, since most investors would naturally prefer to have them generating rental income.
So if they're not held by individuals, they're held by corporations. Which means the "housing crisis" may be manufactured.
Apparently in the US, corporations are buying up anything & everything on offer, housing-wise.
Thoughts?
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12% of houses unoccupied in Melbourne
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