The latest figures released by the Real Estate Institute of Victoria indicate that the residential rental vacancy rates have increased slightly to 1.7% for September.
Ballarat median house prices have increased for September to $340pw, units/townhouses have held steady at $255pw.
The vacancy rates in Metro Melbourne have increased slightly from last month to 2.2%, and Regional Victoria has also noted a slight increase to 1.6% for September.
Median rents for houses in metro Melbourne now sit at $460pw, while median rent for units remained the same at $430pw.
Ballarat median rents rose to $340pw up from $333pw the previous month for houses and have remained at $275pw for units.
If you have a property and would like to discuss how we can assist you with finding a tenant and ongoing management please contact our award winning Property Management department 5337 0555.
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