Current Rental Report

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

Rental Report statistics – March quarter 2015

The March quarter 2015 Rental Report indicates that the median rent in metropolitan Melbourne and Victoria has remained steady and, the median rent in regional Victoria has increased slightly over the previous quarter.
While the median rent for metropolitan Melbourne remained stable at $370 per week in the March quarter, the Melbourne Rent Index (MRI) increased by 1.0% over the previous quarter. The MRI annual increase of 2.1% is above that of the March quarter last year (1.8%).

In the March quarter, the median rent for Regional Victoria increased by $5 to $280 per week. The Regional Rent Index (RRI) increased by 2.4% over the previous quarter. The RRI annual increase of 2.2% is above that of the March quarter last year (1.7%).

While the overall median rent for Victoria remained steady on $350 per week in the March quarter, the State-wide Rent Index (SRI) increased by 1.2%. The SRI annual increase of 2.2% is above that of the March quarter last year (1.8%).

Rental trends – March quarter 2015

Median weekly rent Rent index Quarter % change Annual % change
March quarter 2015
Melbourne $370 208.0 1.0% 2.1%
Regional Victoria $280 207.0 2.4% 2.2%
Victoria $350 205.7 1.2% 2.2%

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 spreadsheets 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 March quarter 2015.

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