The residential rental vacancy rate in Ballarat have dropped in August to 1.5% from 1.6% in July, according to the latest figures released by the Real Estate Institute of Victoria.
Ballarat’s median rent for houses in August was $360 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 $410 per week
Units & Apartments: 1 bedroom $200 per week, 2 bedrooms $280 per week, 3 bedrooms $340 per week
The Regional Victorian vacancy rate has risen to 1.3% during August with a median house rent of $400 per week and units $330 per week.
Geelong’s vacancy rate is 1.5% and median house rent $450 per week whilst in Bendigo the vacancy rate is 1.2% and median rent is $400 per week.
The vacancy rate in Melbourne dropped again to 5.7% from 5.8% in July, with their median house rent still sitting at $480 per week and whilst units have increased to $410 per week.
Source: REIV
Local agents Will Munro and Sam Borner have teamed up with Peter Ludbrook and Jarrod Cloke to create a powerhouse business at Ray White Ballarat. The merger of the two strong local real estate agencies solidified a powerful alliance in the local real estate market. This strategic move represents a … Read more
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply. With supply … Read more