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Tag Archive 'rentals'

In the 2017-2018 Federal Budget handed down by Treasurer Scott Morrison on the 9th of May 2017, the Government proposed changes to the Taxation Laws. From 1 July this year, all travel deduction relating to inspecting, maintaining or collecting rent for a rental property – previously allowable – will be disallowed. This is relevant for […]

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Melbourne’s rental vacancy rate (the percentage of vacant rental properties at any given time) has been hovering between 2.5 per cent and 3.5 per cent since the beginning of 2011 – representing a relatively balanced market place. According to REIV data, it currently sits at 3.1 per cent and has been slowly creeping up since […]

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Metropolitan Melbourne The latest Real Estate Institute of Victoria (REIV) data for the Melbourne rental market shows that the number of vacant properties in the metropolitan area increased 30 basis points in the last quarter of 2015. The vacancy rate has remained stable throughout most of 2015 at 2.8%. In November and December it increased […]

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The rental market often starts to go into overdrive in the last few weeks of the year, and into the new year, as tenants look to finalise their residences for 2016. Property Profile Group members are anticipating strong demand for well located, quality properties in desirable locations. As reported by the REIV, across Melbourne, vacancy […]

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The share market seems to be featuring heavily in the news lately. Billions of dollars are wiped from the Australian stock exchange one day, small gains made the next. Jittery shareholders are kept guessing and stressing! Melbourne’s property market also moves and changes, but how does it fair over the longer term? Historical evidence shows […]

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Melbourne The vacancy rate for the rental market in Metropolitan Melbourne was at 3.0 per cent in April 2015, for the third consecutive month. As a result of increased vacant space, the median rents for both houses and units declined respectively by 1.3 per cent to $395 per week and 2.5 per cent to $390 […]

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The vacancy rate in Melbourne remained stable at 2.8 per cent for the fourth consecutive month in June 2014 with all sub-regions remaining stable. The vacancy rate is lower than the 3.1 per cent recorded in June 2013. Median house rents in Melbourne increased in June but fell for units. The vacancy rate in the […]

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Rental Wrap

Latest Real Estate Institute of Victoria rental data show a small contraction in the rental vacancy rate. The information also confirms a slight increase in median rent across Melbourne. The vacancy rate tightened from 3.2% in April to 2.8% in May with an increase in the median weekly rent for a house from $382 to […]

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The concept of reasonable wear and tear on a rental property is one subject that property owners and tenants regularly find confusing. Usually, at the end of a tenancy, the tenant is responsible for leaving the premises in as close to the same condition as they found it. To describe this requirement, many lease agreements […]

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Vacancy Rates Tighten

Latest rental market figures show a decrease in the number of vacant rental homes across Victoria. At the end of March the Real Estate Institute of Victoria (REIV) figures put the Melbourne vacancy rate at 2.8%, down from 3.6% in January. As a result of the lower vacancy rates in the first quarter of this […]

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