Current Rental Report
The Rental Report provides key statistics on the private rental market in Victoria.
Rental Report statistics – June quarter 2015
The June 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 decreased slightly over the previous quarter.
In the June quarter the median rent for metropolitan Melbourne remained stable at $370 per week in the March quarter, the Melbourne Rent Index (MRI) increased by 0.8% over the previous quarter. The MRI annual increase of 2.3% is above that of the June quarter last year (1.6%).
In the June quarter, the median rent for Regional Victoria increased by $5 to $270 per week. The Regional Rent Index (RRI) decreased by 0.8% over the previous quarter. The RRI annual increase of 0.9% is well below that of the June quarter last year (3.7%).
The overall median rent for Victoria remained steady on $350 per week in the June quarter, the State-wide Rent Index (SRI) increased by 0.5%. The SRI annual increase of 2.1% is slightly above that of the June quarter last year (3.7%).
Rental trends - June quarter 2015
|Median weekly rent||Rent index||Quarter % change||Annual % change|
|June 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.
For further information please contact the Centre for Human Services Research and Evaluation at email@example.com.
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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 June quarter 2015.