The Ballarat residential rental vacancy rate in May 2019 increased slightly to 1.1% according to figures released by the Real Estate Institute of Victoria.
The May median rent for houses in Ballarat remained the same as last month at $330pw and units/townhouses slightly increased again to $270pw.
The vacancy rate for metro Melbourne remained the same at 1.9 per cent, regional Victoria also remained the same at 1.2 per cent.
Median rent for metro Melbourne houses has once again stayed the same at $450pw and units at $430pw. Regional Victoria experienced a decrease with houses at $330pw and units also decreasing to $270pw.
We are in urgent need of more rental properties, if you have a 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.
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
Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more