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.
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