Sell with Confidence
Read More

Ballarat Vacancy Rates Drop in June

By Sarah Wilson

The residential rental vacancy rate in Ballarat dropped in June to 1.5% from 1.6% in May, according to the latest figures released by the Real Estate Institute of Victoria.

Ballarat’s median rent for houses in June was $350 per week and the median rent for units/townhouses was $295 per week.

Below is a breakdown of median rents in Ballarat
Houses: 2 bedrooms $293 per week, 3 bedrooms $340 per week, 4 bedrooms $400 per week
Units & Apartments: 1 bedroom $190 per week, 2 bedrooms $280 per week, 3 bedrooms $330 per week

The Regional Victorian vacancy rate has remained the same at 1.2% during June with a median house rent of $395 per week and units $325 per week.

Geelong’s vacancy rate is 1.5% and median house rent $440 per week whilst in Bendigo the vacancy rate is 1.0% and median rent is $380 per week.

The vacancy rate in Melbourne dropped again to 6.1% from 6.3% in May, with their median house rent sitting at $470 per week and units remaining the same at $400 per week.

Source: REIV

Up to Date

Latest News

  • Powerhouse Agents Team Up

    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

    Read Full Post

  • Ray White Now – February 2024

    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

    Read Full Post