It will be interesting to see where this goes. Rental prices Australia wide fell last month. Whether that's an aberration or the start of a trend, I don't know. According to the attached article Victoria has more new homes built than any other state during the last 10 years, suggesting things there may not be as bad as so often painted.
https://www.theguardian.com/australia-news/article/2024/jun/12/australia-rental-prices-fall-may-data#:~:text=Average%20asking%20rents%20in%20Australia's,that%20measure%20since%20April%202020.
Reaper.
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Victoria's land tax, page-6
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