Almost half of Melbourne's undersupplied housing and rental markets are located in the eastern part of the city, according to new research. The study highlights the high demand and shortage of housing and rental properties in these areas, attributing it to the state government's policies that discourage property investors. The lack of supply is leading to increased competition among renters and worsening affordability. The research also reveals other suburbs in Melbourne experiencing low stock levels and high prices. The decline in investors is expected to further impact housing affordability in the long term.
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