The residential rental vacancy rate in Ballarat dropped in January to 1.4%, down from 1.5% in December according to the latest figures released by the Real Estate Institute of Victoria.
Ballarat’s median rent for houses in January was $360 per week and the median rent for units/townhouses was $265 per week.
Below is a breakdown of median rents in Ballarat
Houses: 2 bedrooms $280 per week, 3 bedrooms $330 per week, 4 bedrooms $400 per week
Units & Apartments: 1 bedroom $190 per week, 2 bedrooms $270 per week, 3 bedrooms $330 per week
The Regional Victorian vacancy rate dropped to 1.0% during January with a median house rent of $375 per week and units $300 per week.
Geelong’s vacancy rate is 1.2% and median house rent $400 per week whilst in Bendigo the vacancy rate is 0.8% and median rent is $375 per week.
The vacancy rate in Melbourne increased again to 5.9%, up from 5.4% in December with their median house rent sitting at $500 per week and units remaining the same at $410 per week.
Source: REIV
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
Property prices continue to rise nationwide, with significant growth in both metropolitan and regional areas. Regional markets show less dramatic changes, with Western Australia leading despite median prices remaining under $500,000, making it one of the more affordable regions. South Australia and Queensland demonstrate steady growth at 2.6 per cent … Read more