The Ballarat residential rental vacancy rate in April 2019 increased slightly to 0.9% according to figures released by the Real Estate Institute of Victoria.
The April median rent for houses in Ballarat remained the same as last month at $330pw and units/townhouses slight increased to $265pw.
The vacancy rate for metro Melbourne dropped slightly to 1.9 per cent, while regional Victoria remained the same at 1.2 per cent.
Median rent for metro Melbourne houses has stayed the same at $450pw and units remained the same at $430pw. Regional Victoria experienced another increase with houses at $345pw and units have shown a significant increase to $285pw.
We are in urgent need of more rental properties, if you have a property and would like to discuss how we can assist you with finding a tenant and ongoing management please contact Jordan Keast on 0476 666 008.
Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more
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