Current Rental Report

The Rental Report provides key statistics on the private rental market in Victoria.

Rental Report statistics – December quarter 2015

The December quarter 2015 Rental Report indicates that the median rent in metropolitan Melbourne has remained steady over the previous quarter, whereas it has increased by $5 per week in regional Victoria and in Victoria as a whole.

In the December quarter, while the median rent for metropolitan Melbourne remained steady at $380 per week, the Melbourne Rent Index (MRI) increased by 0.5% over the previous quarter. The MRI annual increase of 3.0% is above that of the December quarter last year (1.9%).

In the December quarter, the median rent for Regional Victoria increased by $5 to $280 per week and the Regional Rent Index (RRI) increased by 0.1% over the previous quarter. The RRI annual increase of 2.9% is above that of the December quarter last year (1.2%).

The overall median rent for Victoria increased by $5 to $360 per week in the December quarter and the Statewide Rent Index (SRI) increased by 0.5% over the previous quarter. The SRI annual increase of 3.0% is above that of the December quarter last year (1.8%).

Rental trends – December quarter 2015

Median weekly rent Rent index Quarter % change Annual % change
December quarter 2015
Melbourne $380 212.1 0.5% 3.0%
Regional Victoria $280 208.1 0.1% 2.9%
Victoria $360 209.4 0.5% 3.0%

Notes

  • (i) Median weekly rent is based on all new rental lettings for the quarter
  • (ii) The Rent index is based on median rents stratified by location and dwelling type to control for compositional shifts in new lettings. June quarter 1999 = 100
  • (iii) Quarterly and Annual percentage change is calculated from the relevant Rent Indices, not median weekly rents.

For further information please contact the Centre for Human Services Research and Evaluation at chsre@dhs.vic.gov.au.

Rental Report

Download the full Rental Report:

Rental Report time series data

The following spread-sheets provide selected charts and tables from the report and detailed time series statistics for some key Rental Report time series data from March quarter 2000 to December quarter 2015.

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