The Geelong PM Blog
Our blog articles are about all things property and rental in Geelong. Please feel free to share any of our news and information using the sharing buttons on each article and if you have any questions about any of our content, please call us on 03 5277 2727.
02 Sep: Geelong Rental Market Update August 2021
Geelong’s vacancy rate was steady this month remaining at 1.5% in August whereas Melbourne’s rate is continuing its downward trend where the Inner Total measure is now 7.1%. The Melbourne Total rate is also lower at 5.8%
30 Jul: Geelong Rental Market Update July 2021
Last month we reported a rise in Geelong’s vacancy rate and a decline in Melbourne’s rate. We mentioned that this may be a sign of a correction and with this month’s data showing the same, we are once again believing this is an adjustment toward the old normal.
Sophie Kennedy-Rush
26 Mar: Geelong Rental Market Update March 2021
For the 11th month in a row, we have seen Geelong’s vacancy rate fall. This month, it is sitting at only 1.1% which is great news for Geelong landlords but once again it is a completely different story in Melbourne.
29 Jan: Geelong Rental Market Update January 2021
This month’s data brings a big Happy New Year to Geelong’s rental market with a continued downward trend on the vacancy rate. It’s fallen another .1 of a percent to 1.3% and that’s amazing given that only 12 months ago, it was steady at 2.2%.
23 Dec: Geelong Rental Market Update December 2020
This month, data from the REIV is continuing to show the downward-trend of Geelong’s incredible vacancy rate with November’s data showing that it is now only 1.4% across the region. And just like recent months, the upward-trend continues for Melbourne’s vacancy rate with inner Melbourne at a staggering 6.4%.
29 Oct: Geelong Rental Market Update October 2020
This month’s data shows more good news for Geelong but unfortunately the same can’t be said about Melbourne. The Inner Melbourne vacancy rate has now jumped to 5.3% with the Melbourne total rate also higher at 4.3%.
27 Aug: Geelong Rental Market Update August 2020
This month, Geelong’s rental data is looking fantastic! And when you compare it to Melbourne’s data, it’s almost unbelievable. For example, Geelong’s rental vacancy rate is now back to 2.2% - the same rate we had pre-COVID, but Melbourne’s vacancy is sitting at a new high of 3.2% and inner Melbourne is at a huge 4%. Overall, Victoria’s total vacancy rate is 2.9%.
28 Jul: Geelong Rental Market Update July 2020
Our region’s rental prices are again healthy and stable. 2 bedroom houses and units are sitting at the same median rent as last month whilst 3 bedroom houses have increased by $3 and now sit at $383 per week.
Rental Property
30 Jun: Geelong Rental Market Update June 2020
This is the reporting month that we thought we would see the biggest impacts of COVID, however, the REIV data shows that Geelong’s rental market is stable. In fact, if you look at the numbers alone, you can’t really see a problem at all.
COVID-19 Update Event
22 May: Geelong Rental Market Update May 2020
April 2020 is month many of us would rather forget and it seems that the REIV was also feeling the pressure because their data was not released until the very end of the month. The REIV data, however, is now back to normal so let’s get into it!
Geelong Property Managers
23 Jan: Geelong Rental Market Update January 2020
According to the latest REIV figures, the backward step for 2 bedroom apartments last month has corrected and returned to its high of $330 per week as a median rent across Geelong. And it’s the same story for 2 bedroom houses also returning to their high of $325 per week.