5 February 2014

Vacancy Rates 2014 - Residential Rentals

The REIV is one of the regular commentators and analysts of residential rental data across Victoria. Based on data they collect from the real estate industry members the present the following data for January 2014.  To review data from previous years the data on vacancy rates is accessible through realestateview.com.au .
The REIV has reported the following snap shot for Victoria.

Rental market snapshot - January 2014

The current rental vacancy rate in Melbourne is 3.0 per cent, stable from the previous month
The current rental vacancy rate for Regional Victoria is 2.7 per cent, a decrease from 2.9 per cent in the previous month
The current house median rent in Melbourne is $400 per week, a 2.2 per cent increase from the previous month
The current house median rent in Regional Victoria is $300 per week, a 2.0 per cent increase from the previous month.

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