Rental Market Update - July Review

July 2019 Rental Market Stats

• VACANCY RATE 2.73%
• 613 TENANT ENQUIRIES
• 85 OPEN HOUSE INSPECTIONS – 272 ATTENDEES
• 126 APPLICATIONS RECEIVED
• 21 PROPERTIES LEASED
• AVERAGE DAYS ON MARKET: 25
• $501PW AVERAGE RENT ACHIEVED

• LOWEST RENT ACHIEVED: $130PW
  FOR A ROOM IN A ROOMING HOUSE LOCATED IN KINGSBURY
  (Room 3 96 Dunne Street, Kingsbury)

• HIGHEST RENT ACHIEVED: $495PW
  4 BEDROOM PLUS STUDY, LOCATED IN SOUTH MORANG
  (15 Hestia Court, South Morang)