With historical vacancy rates from October 2002, the REIV collects vacancy rates and rental data from Members and realestateview.com.au leases on a monthly basis.
Market Snapshot - May 2024
The proportion of vacant properties went up to 2.2 per cent for metro Melbourne and it also saw another increase to 2.2 per cent for regional Victoria over the month.
The median weekly rent for houses in metropolitan Melbourne stayed at $580 in May 2024 while it rose to $470 for regional Victoria.