Please click on the link below to see our auctioneer and the team at Harcourts Mount Waverley in action at one of our auctions!
Over February 2015, the vacancy rate in
Melbourne tightened to 3.0 per cent from 3.1 per cent in the previous month.
The median rent for both houses and units in Metropolitan Melbourne remained
the same at $400 and $395 respectively during the same period. The inner
suburbs experienced a further tightening in vacancy rates to 2.9 per cent over
the month, as rents for houses in the inner suburbs fell by 1.8 per cent. Both
the inner (0-4km) and inner (4-10km) regions experienced decreases during the
month. The vacancy rates in the inner (0-4km) region fell to 3.9 per cent from
4.2 per cent in the
At Harcourts in Victoria our vacancy rate was 2.8% at the end of February. This figure is down from 3% in January and again below the industry average for the month. The average arrears rate for the group had crept up to 3% in December which is on trend for that time of year. At the end of January our average was back down to 2.8% and at the end of February was 2.6% which is a good result. The improvement is good but still needs work so that we sit below the industry best practice rate of 2%. Many offices have achieved arrears rates below 1% with several maintaining a 0% rate for tenants 7 days and over. Well done to those offices, a great achievement. If your arrears rate is over 2% please put a big focus on improving this figure so that we can get the state average down.Please add your content here.