The residential rental vacancy rate in Ballarat has increased to 1.4% in May according to the latest figures released by the Real Estate Institute of Victoria.
Ballarat’s median rent for houses in May has dropped slightly to $380 per week and the median rent for units/townhouses has increased to $325 per week.
Below is a breakdown of median rents in Ballarat
Houses: 2 bedrooms $320 per week, 3 bedrooms $370 per week, 4 bedrooms $430 per week
Units & Apartments: 1 bedroom $210 per week, 2 bedrooms $310 per week, 3 bedrooms $360 per week
The Regional Victorian vacancy rate has increased slightly to 1.7% in May with a median house rent of $420 per week and units $350 per week.
Geelong’s vacancy rate has also increased to 2.4% and median house rent $460 per week whilst in Bendigo the vacancy rate is 2.4% and median rent is $410 per week.
The vacancy rate in Melbourne has decreased slightly to 4.7%, with their median house rent remaining at $500 per week whilst units have increased at $430 per week.
Source: REIV
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
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