Melbourne rents edge higher: REIV
Jonathan ChancellorDecember 7, 2020
Median house rentals in metropolitan Melbourne , according to the REIV, increased slightly to $420 from $415 a week, while in regional Victoria, the weekly median rent for houses increased to $300 from $290 a week.
The REIV's rental market snapshot to February 2016 found the proportion of vacant properties remained stable over February in metro Melbourne at 3.1 percent and regional Victoria at 2.4 percent.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.