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
Welcome to this week’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more
The August residential rental vacancy rate for Ballarat has fallen to 2.2%, down from 2.4% in July and 2.6% in March according to the latest figures released by the Real Estate Institute of Victoria. This is good news for Ballarat investors and proves how resilient the Ballarat rental market has … Read more