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Property Management Update

January saw the overall Derby vacancy rate slightly increase although as the below graph shows still well in front of previous years. At the time of writing there were only 25 properties for lease in Derby which continues to be well below previous years.

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

December

Number of Rentals

January

Overall Price RangeAverage Price Range
111$175$175
265$220 – $350$270 – $350
31315$260 – $350$260 – $325
433$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.