Melbourne unit rental price up, house rentals down: REIV

Melbourne unit rental price up, house rentals down: REIV
Property ObserverFebruary 18, 2016

Median house rentals in metropolitan Melbourne increased $10 a week to $410 with regional housing rent decreasing 4.9 percent to $290, to December 2015, according to the REIV.

The REIV's rental market snapshot to December 2015 found the level of vacant properties in metropolitan  Melbourne at 3.1 percent, staying at 2.3 percent for regional Victoria.

 
 Vacancy RateMedian Rent (Houses)
 Dec 2015Nov 2015Dec 2015Nov 2015
METRO3.13.0$410$400
REGIONAL2.32.3$290$305

 Click to enlarge

 

 

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