The residential rental vacancy rate in Ballarat remained the same in December at 1.5%, according to the latest figures released by the Real Estate Institute of Victoria.
Ballarat’s median rent for houses in December was $380 per week and the median rent for units/townhouses was $285 per week.
Below is a breakdown of median rents in Ballarat
Houses: 2 bedrooms $280 per week, 3 bedrooms $330 per week, 4 bedrooms $395 per week
Units & Apartments: 1 bedroom $190 per week, 2 bedrooms $270 per week, 3 bedrooms $328 per week
The Regional Victorian vacancy rate remained the same at 1.1% during December with a median house rent of $380 per week and units $310 per week.
Geelong’s vacancy rate is 1.3% and median house rent $410 per week whilst in Bendigo the vacancy rate is 0.7% and median rent is $350 per week.
The vacancy rate in Melbourne increased again to 5.4%, up from 4.9% in November with their median house rent sitting at $480 per week and units $410 per week.
Source: REIV
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
Australian house and unit prices continue their upward trend this month, albeit at a slower pace. Both housing types saw a modest 0.2 per cent appreciation. However, the market is exhibiting greater diversity across states and regions, reflecting varying local economic conditions. July’s CPI results indicate a continued downward trend, … Read more