News

March Vacancy Rates Stay Low

By Sarah Wilson

The Ballarat residential rental vacancy rate in March 2019 is still sitting at 0.8% according to figures released by the Real Estate Institute of Victoria.

The March median rent for houses in Ballarat is also still the same as last month at $330pw and units/townhouses at $260pw.

The vacancy rate for metro Melbourne is remained at 2.0 per cent, while regional Victoria also had no change and is again 1.2 per cent.

Median rent for metro Melbourne houses has stayed the same at $450pw and units have also stayed the same at $430pw. Regional Victoria experienced another increase with houses at $340pw whilst units have decreased to $260pw.

We are in urgent need of more rental properties, 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.

Up to Date

Latest News

  • Ray White Now – Real Time Market Update 21st September 2020

    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

    Read Full Post

  • Ballarat Vacancy Rate Continues To Fall

    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

    Read Full Post