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|
- (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 December quarter 2015.