Rental Market Snapshot – September 2018

Doncaster_Townhouses_Melbourne

According to the The Real Estate Institute of Victoria (REIV:-

  • The proportion of vacant properties in metro Melbourne was recorded at 2.0%, while regional Victoria was at 1.4%  in September 2018.
  • The weekly median rent for houses in metropolitan Melbourne rose to $460 a week, while the weekly median rent for houses was recorded at $330 a week in regional Victoria.

Vacancy_Rates_Melbourne_Property_Market

 

Vacancy_Rates_Melbourne_Property_Market

Disclaimer – The REIV is the most authoritative source for information about the Victorian rental market with historical vacancy rates from October 2002. The REIV, on a monthly basis, collect current vacancy rates and rental data from Members and view.com.au leases.

www.crestproperty.net.au

Oct 2018

 

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