The residential rental vacancy rate continued it’s record low in Ballarat remaining at 0.7% for January according to figures released by the Real Estate Institute of Victoria.
The January median rent for houses in Ballarat is $338pw and Units/Townhouses $260pw.
Vacancy rate for metro Melbourne is 2.1 per cent, while regional Victoria was 1.2 per cent.
Median rents for metro Melbourne rose for both houses and units to $470pw and $430pw respectively meanwhile regional Victoria experienced decreases on both houses ($330pw) and units ($260pw).
With many professionals moving to Ballarat to start work we are experiencing high demand for rental properties and with our office vacancy rate currently at 0.19% we are in urgent need of more rental properties.
If you have a rental 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.
Welcome to this week’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more
The August residential rental vacancy rate for Ballarat has fallen to 2.2%, down from 2.4% in July and 2.6% in March according to the latest figures released by the Real Estate Institute of Victoria. This is good news for Ballarat investors and proves how resilient the Ballarat rental market has … Read more