Sell with Confidence
Read More

Ballarat Rental Vacancy Rates Remain Low

By Phillip Lee

It is still good news for property investors in Ballarat as the residential rental vacancy rate remains at low levels.  The Real Estate Insitute of Victoria figures for September 2012 show Ballarat’s vacancy rate is 1.3%, down from 1.5% in August and 1.6% recorded in September last year.  The lowest vacancy rate in the last 12 months was in March this year where a year low 0.6% was recorded.

Across regional Victoria, after peaking at 2.9 per cent in July 2012, the vacancy rate has since fallen to two per cent in September.

After a prolonged period of easing vacancy rates in Melbourne over the past three years, the vacancy rate appears to show signs of stabilising. The vacancy rate increased slightly to two per cent in September but remains below that of a year ago.

The median rent for houses in Melbourne fell 1.1 per cent to $371 per week in September, with decreases in rental in the inner- and middle suburbs offsetting an increase in the outer suburbs.

Rental Market Snapshot – September 2012
The current rental vacancy rate in Ballarat is 1.3 per cent
The current rental vacancy rate in Melbourne is 2.0 per cent
The current rental vacancy rate for Regional Victoria is 2.0 per cent
The current house median rent in Melbourne is $371 per week
The current house median rent in Regional Victoria is $295 per week

Up to Date

Latest News

  • GovHub Now Open

    One of the most anticipated and significant CBD developments to take place in decades is now officially open and our directors Trevor Booth & Phillip Lee recently had the opportunity to tour the facility. Almost 1000 Victorian Public Servants of which it is expected 600 will transition from Melbourne to … Read more

    Read Full Post

  • Bridge Mall Restoration Grants

    At the start of April the City of Ballarat launched the Working in Partnership booklet. This booklet can be viewed as a digital copy if you click here. The City of Ballarat is committed to helping Bridge Mall property owners keen to undertake external improvements to their buildings to complement … Read more

    Read Full Post