REA Group indicates that rental availabilities continue to drop in inner city Melbourne where vacancy rates have reached record lows, as international students and workers have returned to the CBD, demand is outstripping supply.

Understanding these groups are drawn to locations that are secure, connected and offer quality accommodation and amenity, 3L Alliance have opened the doors to the rental market at Queens Place with a range of fully furnished and unfurnished selection of remaining 1 and 2 bedroom apartments available in this award winning development.

“Melbourne’s CBD is enjoying a great resurgence, with the many cultural events, restaurants and educational institutions drawing people of all ages back to our great city, and 3L Alliance is swift to meet the market and ease the rental crush by providing quality rentals at Queens Place. It’s vital that we continue to support the influx of international students and workers, who continue to be contributors to Australia’s GDP ” Says CEO, Mrs Baoyu Li .

3L Alliance continue to monitor the dynamic Build to Rent (BTR) market, successfully established and operational in the US, and now emerging as Australia’s newest asset class.

Source: REA Group “Building more homes is the solution to the rental crisis April 2023”