Rental vacancy increasing in middle Melbourne suburbs: REIV
Melbourne’s residential rental vacancy rate sat at 2.4% in February, but with a clear trend of higher vacancies the closer landlords were to the CBD.
Suburbs within four kilometres of the CBD reflect a vacancy rate of 2.7%, according to the latest Real Estate Institute of Victoria data. That is the same result as in December.
Within suburbs between four kilometres and 10 kilometres of the Melbourne CBD, the vacancy rate is 2.6% compared with 2.1% in December.
The middle suburbs have a 2.2% rate compared with 1.2% in December.
Vacancies in the outer suburbs have tightened from 2.1% to 1.6%.
REIV chief Enzo Raimondo notes the availability of rental homes in regional Victoria remains very low, with a vacancy rate at 1.4%.
Within the main regional Victorian cities, the Ballarat region has a 1% vacancy rate, and Bendigo continues to be one of the most difficult places to find a rental home in Victoria, with a vacancy rate of 0.6%.
The highest regional level of vacancies is in the Geelong region, where 2.% of rental homes are vacant.
