Current Rental Report
The Rental Report provides key statistics on the private rental market in Victoria.
Rental Report statistics - September quarter 2016
The September quarter 2016 Rental Report indicates that over the previous quarter the median rent has increased by $5 per week in metropolitan Melbourne and by $10 Victoria and, has remained steady in regional Victoria.
In the September quarter, the median rent for metropolitan Melbourne increased to $385 per week and the Melbourne Rent Index (MRI) increased by 0.7% over the previous quarter. The MRI annual increase of 3.6% is above that of the September quarter last year (2.8%).
In the September quarter, the median rent for Regional Victoria remained steady at $280 per week and the Regional Rent Index (RRI) decreased by 0.5% over the previous quarter. The RRI annual increase of 1.7% is below that of the September quarter last year (2.8%).
The overall median rent for Victoria increased by $10 to $370 per week in the September quarter and the Statewide Rent Index (SRI) increased by 0.7% over the previous quarter. The SRI annual increase of 3.4% is above that of the September quarter last year (2.8%).
Rental trends – September quarter 2016
|Median weekly rent||Rent index||Quarter % change||Annual % change|
|September quarter 2016|
- (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.
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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 September quarter 2016.