Blog & Market Updates

Rental Market Snapshot - January 2018

There has been a minor fall in the vacancy rate this January (2.1%) in comparison to December last year (2.2%).

The median rent for houses in metropolitan Melbourne is now $450per week, a $10 per week increase. Meanwhile, the median rent for houses in regional Melbourne has fallen $5, now sitting at $320 per week .

The Smart Property Manager team is still enjoying our 0 days of vacancy streak, meaning that our landlords are enjoying a rent return from day one!

If you're unhappy with how your property is being managed, make the switch to Smart Property Manager today!

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rental stats jan 18