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.
Local agents Will Munro and Sam Borner have teamed up with Peter Ludbrook and Jarrod Cloke to create a powerhouse business at Ray White Ballarat. The merger of the two strong local real estate agencies solidified a powerful alliance in the local real estate market. This strategic move represents a … Read more
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply. With supply … Read more