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Ballarat Vacancy Rate Continues Record Low

By Sarah Wilson

The residential rental vacancy rate continued it’s record low rate in Ballarat remaining at 0.7% in December according to figures released by the Real Estate Institute of Victoria.

The December median rent for houses in Ballarat is $320pw and Units/Townhouses $265pw.

Vacancy rates for metro Melbourne rose again to 2.2 per cent, the same level as last year, while regional Victoria fell to 1.2 per cent.

Median rents for metro Melbourne fell for both house and unit to $450 pw and $420 pw respectively meanwhile regional Victoria experienced increases on both houses ($340 pw) and units ($265 pw).

With many professionals moving to Ballarat to start work we are experiencing high demand for rental properties and with our office vacancy rate currently at 0.57% we are in urgent need of more rental properties.

If you have a rental 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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