The latest figures released by the Real Estate Institute of Victoria indicate that the residential rental vacancy rate for Ballarat has remained the same as September at 1.7% for October.
Ballarat median rents decreased slightly in October to $332pw, units/townhouses have increased from $275pw to $290pw.
The vacancy rates in Melbourne remained steady at 2.2% and Regional Victoria also remained steady at 1.6% for October.
Median rents for houses in metro Melbourne now sit at $470pw, while median rent for units remained the same at $430pw.
Source: REIV
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