Sell with Confidence
Read More

Ballarat Vacancy Rates for July

The residential rental vacancy rate in Ballarat has remained at 1.5% in July according to the latest figures released by the Real Estate Institute of Victoria.

Ballarat’s median rent for houses in July decreased by $10 per week to $380 per week whilst the median rent for units/townhouses has increased to $310 per week.

Below is a breakdown of median rents in Ballarat
Houses: 2 bedrooms $310 per week, 3 bedrooms $365 per week, 4 bedrooms $430 per week
Units & Apartments: 1 bedroom $213 per week, 2 bedrooms $300 per week, 3 bedrooms $360 per week

The Regional Victorian vacancy rate has increased slightly to 1.9% in July with a median house rent of $420 per week and units $350 per week.

Geelong’s vacancy rate has also increased again to 2.9% and median house rent $455 per week whilst in Bendigo the vacancy rate is 2.5% and median rent is $410 per week.

The vacancy rate in Melbourne has decreased again to 3.8%, with their median house rent remaining at $500 per week with units at $430 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