The latest figures released by the Real Estate Institute of Victoria indicate that the residential rental vacancy rates have increased slightly to 1.2% for June.
Ballarat median house prices have increased for June to $340pw, however units/townhouses have decreased to $255pw.
The vacancy rates in Metro Melbourne remained at 2.2%, but regional Victoria saw an increase to 1.3%, the first since December 2018.
Median rents for houses in metro Melbourne now sit at $460pw, while median rent for units remained the same at $430pw.
Regional median rents rose to $345pw for houses and $280pw for units.
If you have a property and would like to discuss how we can assist you with finding a tenant and ongoing management please contact Jordan Keast on 0476 666 008.
Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more
Property prices continue to rise nationwide, with significant growth in both metropolitan and regional areas. Regional markets show less dramatic changes, with Western Australia leading despite median prices remaining under $500,000, making it one of the more affordable regions. South Australia and Queensland demonstrate steady growth at 2.6 per cent … Read more