The occupancy rate in Melbourne slumped to 38 per cent in July, down from 49 per cent a month earlier, while in Sydney, the rate fell from 55 per cent to 52 per cent. Brisbane dropped from 64 to 53 per cent and Adelaide declined from 71 per cent to 64 per cent.
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Natasha Boddy is Work & Careers reporter with The Australian Financial Review. She was previously a homepage editor and online producer. Connect with Natasha on Twitter. Email Natasha at natasha.boddy@afr.com