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Market Update

In October we saw the overall Derby vacancy decrease…..

At the time of writing there were only 8 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 0.9%

Ray White Derby leased 9 properties for November and welcomed four new owners who entrusted their property with us and whom we are pleased to service.

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 BedroomsNumber of Rentals

September

Number of Rentals

October

Overall Price RangeAverage Price Range
112$175$175
231$220 – $350$270 – $350
302$260 – $350$260 – $325
412$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.