Current Rental Report

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

Rental Report statistics - December quarter 2016

The December quarter 2016 Rental Report indicates that over the previous quarter the median rent has increased by $5 per week in both metropolitan Melbourne and regional Victoria while the overall median rent for Victoria has remained steady.

In the December quarter, the median rent for metropolitan Melbourne increased to $390 per week and the Melbourne Rent Index (MRI) increased by 0.8% over the previous quarter. The MRI annual increase of 3.8% is above that of the December quarter last year (3.0%).

In the December quarter, the median rent for Regional Victoria increased to $285 per week and the Regional Rent Index (RRI) increased by 1.2% over the previous quarter. The RRI annual increase of 2.8% is just below that of the December quarter last year (2.9%).

The overall median rent for Victoria has remained steady at $370 per week in the December quarter and the Statewide Rent Index (SRI) increased by 0.8% over the previous quarter. The SRI annual increase of 3.7% is above that of the December quarter last year (3.0%).

Rental trends - December quarter 2016

Median weekly rent Rent index Quarter % change Annual % change
December quarter 2016
Melbourne $390 220.3 0.8% 3.8%
Regional Victoria $285 214.0 1.2% 2.8%
Victoria $370 217.3 0.8% 3.7%

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 2016.

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