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.
Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more
Property prices continue to rise nationwide, with significant growth in both metropolitan and regional areas. Regional markets show less dramatic changes, with Western Australia leading despite median prices remaining under $500,000, making it one of the more affordable regions. South Australia and Queensland demonstrate steady growth at 2.6 per cent … Read more