Help fund relief efforts for the Australian Bushfires #beyondthebricks
Support Now

Property Management Update

Welcome to Ray White Derby’s property management update for December! With the traditional slow down for Christmas the vacancy rate crept up slightly but it is still well below the previous two years. The overall vacancy rate for the town has stayed relatively level over the last 5 months so it will be interesting to see how the first half of 2020 goes.

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
111$175$175
266$220 – $350$270 – $350
3813$260 – $350$260 – $325
467$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.