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Property Management Update

In December we saw the overall Derby vacancy decrease….

At the time of writing there were only 12 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 BedroomsNumber of Rentals

November

Number of Rentals

December

Overall Price RangeAverage Price Range
101$175$175
253$220 – $350$270 – $350
376$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 08 9191 2900.