Property Management Update

Welcome to August Property Management Update!

In August we saw the overall Derby vacancy rate decreased. At the time of writing there were only 4 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 1.7%

Ray White Derby leased 14 properties for March 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

July

Number of Rentals

August

Overall Price RangeAverage Price Range
110$175$175
223$220 – $350$270 – $350
361$260 – $350$260 – $325
410$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.