There have been a number of claims that there are many unoccupied properties in Melbourne, Australia, and that this causes a meaningful difference in the price of rentals and purchase.
For example, the Herald Sun reports:
A MASSIVE number of Melbourne residential properties are lying vacant, research from a tax reform organisation shows.
More than 82,700 residential properties — or 4.8 per cent of Melbourne’s housing stock — sit empty, while many people struggle to afford to buy or even rent accommodation.
Are there over 80,000 unoccupied homes in Melbourne?