Jump to content

You're currently viewing the forum as a Guest
and join in with discussions   
ask migration questions
message other members

..and much much more!

The Pom Queen

Melbourne Rentals Vacancy Rate Tighting Up

Recommended Posts

The REIV rental vacancy rate for last month showed a slight tightening of the market in the past six months.


The vacancy rate for Victoria was 2 per cent last month and averaged 2.1 per cent during the first six months of the year. This compared with 2.6 per cent in the last six months of last year.

The vacancy rate for Melbourne was 1.8 per cent, down from 2.1 per cent in May. The metropolitan rate also showed a slight decrease throughout the first six months of the year, with the average vacancy rate at 2.1 per cent, compared with 2.8 per cent in the last six months of last year.

Using the most recent data on the number of rental properties in Melbourne, the vacancy rate last month equated to about 4600 vacant properties. The vacancy rate is based on properties managed by REIV member agencies.



Within Melbourne, the outer suburbs continued to have the lowest vacancy rate, with 1 per cent recorded, compared with 1.1 per cent in May. In the middle and inner suburbs, the vacancy rate was 1.9 per cent. If this trend continues, there might be upward pressure on rents following the stabilisation that occurred last year.

The state's regional vacancy rate eased from 1.8 per cent to 2.7 per cent - a significant shift that reflected increasing vacancy rates in Geelong, Bendigo and Mildura.

If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

Share this post

Link to post
Share on other sites

Might be seasonal perhaps? People on long-term trips coming home, people waiting until after the school year finishes, exams etc before leaving? Just a thought.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now