Rental Shortage Helping Fuel Melbourne Property Market

Melbourne and Sydney are often seen as sharing (a usually) friendly rivalry in everything from the weather to the arts and, of course, sport.

With property markets across Australia now a patchwork of soaring prices in the east and depressed markets in the north and west, it is the two most populous cities that are locked in a battle for market performance supremacy.

Sydney shone brightest in November with a median price increase of 2.7% but Mel…