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Market Update
In March we saw the overall Derby vacancy decrease…..
At the time of writing there were only 9 properties for lease in Derby which continues to be well below previous years. Ray White continues to lead the market individually with an impressive vacancy rate of only 3.4%
In regards to currently advertised properties we have seen a relatively even spread in configurations with the only noticeable change being an increase in the number of 3 bedroom homes currently advertised.
| Number of Bedrooms | Number of Rentals February | Number of Rentals March | Overall Price Range | Average Price Range |
| 1 | 0 | 0 | $175 | $175 |
| 2 | 0 | 4 | $220 – $350 | $270 – $350 |
| 3 | 0 | 4 | $260 – $350 | $260 – $325 |
| 4 | 0 | 0 | $300 – $450 | $390 – $400 |
If you have any questions on the current rental market, or if we can assist you with any of your real estate needs, please feel free to contact the team at Ray White Derby today on 9191 2900.