Sell with Confidence
Read More
News

Ballarat’s Rental Vacancy Rate Continues To Drop

By Steph Horsburgh

The residential rental vacancy rate in Ballarat has dropped again in November to a 12 month low of 1.1%, down from 1.2% in October according to the latest figures released by the Real Estate Institute of Victoria.

Ballarat’s median rent for houses in November was $395 per week and the median rent for units/townhouses was $300 per week.

Below is a breakdown of median rents in Ballarat
Houses: 2 bedrooms $300 per week, 3 bedrooms $350 per week, 4 bedrooms $420 per week
Units & Apartments: 1 bedroom $200 per week, 2 bedrooms $285 per week, 3 bedrooms $350 per week

The Regional Victorian vacancy rate remains unchanged at 1.2% in November with a median house rent of $400 per week and units $340 per week.

Geelong’s vacancy rate is 1.4% and median house rent $450 per week whilst in Bendigo the vacancy rate is 1.7% and median rent is $390 per week.

The vacancy rate in Melbourne has increased slightly to 5.0% from 4.9% in October, with their median house rent dropping at $490 per week whilst units have increased to $413 per week.

Source: REIV

Up to Date

Latest News

  • Ray White Now June 2022

    We now have a new federal government and with that comes change in leadership, policies and the way the country is run. The changing of the guard also comes at an interesting time for our economy and our property markets, with significant change in both since the start of the … Read more

    Read Full Post

  • Ballarat Vacancy Rates for May

    The residential rental vacancy rate in Ballarat has increased to 1.4% in May according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in May has dropped slightly to $380 per week and the median rent for units/townhouses has increased to $325 … Read more

    Read Full Post