This is the latest Rental Market Snapshot as at June 2020. Here we highlight, metropolitan Melbourne and regional Victoria.
According to the The Real Estate Institute of Victoria (REIV) :-
- The proportion of vacant properties in metro Melbourne has increased from 2.3% in March 2020 to 3.0% in June 2020.
- The proportion of vacant properties in regional Victoria decreased from 1.9% in March 2020 to 1.8% in June 2020.
- The weekly median rent for houses in metropolitan Melbourne remained similar from $470 in March 2020 to $473 in June 2020.
- The weekly median rent for houses in regional Victoria remained at $350 a week. This has remained steady for about 6 months.
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.
