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.
It’s fascinating to compare our sales results from last month with our results of 12 months ago. The contrast in market conditions will never be more stark, yet we also are reminded that what is important to our customers remains unchanged. In April 2020 we wrote $2.54 billion in sales … Read more
Welcome to this month’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more