Sell with Confidence
Read More
News

Slight Rise in Ballarat’s Vacancy Rates

The residential rental vacancy rate in Ballarat has increased slightly to 1.2% in December, up from 1.1% in November according to the latest figures released by the Real Estate Institute of Victoria.

Ballarat’s median rent for houses in December was $370 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 $290 per week, 3 bedrooms $350 per week

The Regional Victorian vacancy rate has increased to 1.3% in December from 1.2% in November with a median house rent of $400 per week and units $350 per week.

Geelong’s vacancy rate is 1.6% and median house rent $450 per week whilst in Bendigo the vacancy rate is 1.8% and median rent is $385 per week.

The vacancy rate in Melbourne has increased to 5.5% from 5.0% in November, with their median house rent increasing to $500 per week whilst units have increased to $420 per week.

Source: REIV

Up to Date

Latest News

  • Ray White Now – March 2025

    Australian property prices continue to demonstrate resilience with modest monthly growth across February 2025. House prices recorded a 0.2 per cent monthly increase, bringing the national mean to $909,617, while unit values rose by 0.2 per cent to reach $675,820. The market’s steady performance reflects ongoing supply constraints balancing against … Read more

    Read Full Post

  • Little Ray of Giving is Back For 2024!

    This festive season, Ray White will continue its successful charity drive ‘A Little Ray of Giving’ for the thirteenth year running. This holiday campaign is a tradition for the brand, and serves as an opportunity for hundreds of local branches to connect with their communities while raising awareness and much-needed … Read more

    Read Full Post