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March Vacancy Rates Stay Low

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.

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