According to the The Real Estate Institute of Victoria (REIV) :-
- The proportion of vacant properties in metro Melbourne remained at 2.3% in March 2020, compared to 2.2% in December 2019.
- The proportion of vacant properties in regional Victoria rose again moving from 1.7% in December 2019 to 1.9% in March 2020.
- The weekly median rent for houses in metropolitan Melbourne decreased by $10 from the December 2019 quarter update to $470 in March 2020.
- The weekly median rent for houses in regional Victoria remained at $350 a week.
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.
