Property Managers Melb | Vacancy rates Melbourne March 2022.
How is the Melbourne rental market going? We have data from the ABS and REIV, you can also listen to our podcast on how the rental market is really going.
17256
page-template-default,page,page-id-17256,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-11.0,qode-theme-bridge,wpb-js-composer js-comp-ver-6.6.0,vc_responsive

Rental Vacancy Rates Melbourne

There is allot of doom and gloom around availability of stock on the Melbourne and Victoria rental market.

 

The media is calling it a rental crisis with headlines like: ‘Melbourne’s rental market tightens,’ ‘Rising rents in half of Melbourne suburbs leave tenants behind.’

 

According to the ABS weekly rents: Rents in Sydney and Melbourne recorded small rises in the March quarter.

 

The positive growth in rents for Sydney and Melbourne was mainly driven by rising rents for houses, while other dwellings recorded a relatively smaller rise in Sydney and a small fall in Melbourne.

 

 The Real Estate Institute Of Victoria realised a month on month data (February to March 2022) demonstrating the change in rental vacancy rates, weekly median rents across metro Melbourne and regional Victoria.

 

The proportion of vacant properties stayed at 5.1 per cent for metro Melbourne, while it rose to 1.4 per cent for regional Victoria over the month.

The weekly median rent for houses in metropolitan Melbourne saw a slight increase to $500, while it also went up to $420 in regional Victoria.

 

Melbourne Rental Vacancy Rates March 2022

Data provided by Real Estate Institute Of Victoria.

Vacancy Rate Weekly Median Rent (Houses)
March 2022 February 2022 March 2022 February 2022
METRO 5.1 5.1 $500 $490
REGIONAL 1.4 1.3 $420 $410
Rents, quarterly and annual movement. Provided by Australian Bureau Of Statistics

National movement in rents provided by ABS

Property Investor Podcast.

Our founder Mark Ribarsky talks about the data from the Real Estate Institute Of Victoria and Bureau of Statistics.

x
  • REQUEST A CALLBACK

    Please fill out the form below and we will call you back
| REQUEST A CALLBACK