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.
The residential rental vacancy rate in Ballarat has dropped again in October to a 12 month low of 1.2%, down from 1.4% in September according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in October was $360 per week and the … Read more
This month we take a look at what you should consider if you’re looking to sell. Price growth continues to accelerate but we’re starting to see days on market increase, a sign that there’s a growing gap between buyer and seller expectations. In addition, the first set of finance restrictions … Read more