Footage reveals concerning extent of Melbourne’s rental crisis

Footage of an enormous queue waiting to inspect a one bedroom apartment in Burnley over the weekend has highlighted the extent of the current rental crisis.

In the video, which was posted on Reddit, a queue stretches hundreds of metres down the road.

• Scroll down to see the footage

Managing editor of Domain, Alice Stolz, says she’s not surprised by the queue.

Press PLAY below to hear what’s fuelling the rental crisis and what can be done

“House rents in Melbourne have gone up 11 per cent on year and unit rents have gone up 23.1 per cent on year,” she told Neil Mitchell.

“The vacancy rate in Melbourne is now one per cent. To remind people, in a healthy rental market it would be around three or four per cent.”

Press PLAY below to see the footage

Not even the entire queue for a 1 BR in Burnley, half already went and some were still pulling up
by u/pandyxxx in melbourne

Image: Reddit