Bayside leads top five Melbourne regions for house rental increase: CoreLogic RP Data

Bayside leads top five Melbourne regions for house rental increase: CoreLogic RP Data
Bayside leads top five Melbourne regions for house rental increase: CoreLogic RP Data

House rents have increased 2.1% across Melbourne for the year with houses in the Mornington Peninsula and Bayside making up the majority of the top five regions for rental increases throughout the year, according to CoreLogic RP Data's September Monthly Rental Report.

CoreLogic RP Data senior research analyst Cameron Kusher said at the same time that Mornington Peninsula suburbs feature prominently on the list this area of Melbourne has been one of the weakest performing regions for value growth over recent years. 

 

Click to enlarge

Bayside leads top five Melbourne regions for house rental increase: CoreLogic RP Data

 

The median house price for a home in Black Rock is $1,585,000, according to CoreLogic RP Data.

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Value Growth Residential Market

Comments

Be the first one to comment on this article
What would you like to say about this project?