Current Rental Report

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

Rental Report statistics – September quarter 2015

The September quarter 2015 Rental Report indicates that the median rent in metropolitan Melbourne has increased by $10 per week, in regional Victoria by $5 per week and in Victoria as whole by $5 per week over the previous quarter.

In the September quarter, the median rent for metropolitan Melbourne increased by $10 to $380 per week and the Melbourne Rent Index (MRI) increased by 0.7% over the previous quarter. The MRI annual increase of 2.8% is above that of the September quarter last year (2.4%).

In the September quarter, the median rent for Regional Victoria increased by $5 to $275 per week and the Regional Rent Index (RRI) increased by1.2% over the previous quarter. The RRI annual increase of 2.8% is above that of the September quarter last year (2.4%).

The overall median rent for Victoria increased by $5to $355 per week in the September quarter and the Statewide Rent Index (SRI) increased by 0.8% over the previous quarter. The SRI annual increase of 2.8% is above that of the September quarter last year (2.5%).

Rental trends – September quarter 2015

Median weekly rent Rent index Quarter % change Annual % change
September quarter 2015
Melbourne $380 211.0 0.7% 2.8%
Regional Victoria $275 207.9 1.2% 2.8%
Victoria $355 208.5 0.8% 2.8%

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 September quarter 2015.

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