The Mornington Peninsula fell from three per cent vacancies in June to 2.3 per cent in July, a drop of 0.7 per cent.
“This decrease in vacancy rates could make it more challenging for potential renters to find suitable properties,” Suburbtrends founder Kent Lardner said.
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“While the trend may not come as a shock, especially for those actively searching for a rental property, it certainly doesn’t make their task any easier.”
