How Much Rental Demand Is There For Your Suburb?

Melbourne Rental Demand

Securing your ideal rental property can be difficult at the best of times, particularly in highly competitive markets such as in the metropolitan suburbs of Melbourne and Sydney.

As a tenant, knowing where to look can make all the difference. Often times, you may have to compromise on your first preferred locale and look to neighbouring suburbs for more affordable options.

On the flipside as an investor, it pays to be aware of these high demand areas to ensure your property is continually let with little to no vacancy and that you achieve strong rental yields over the term of your investment.

The REA Group’s realestate.com.au, one of Australia’s largest residential listings sites, has compiled the numbers and found some of the most sought-after suburbs across Australia for rental properties.

In Victoria, the inner north & inner south suburbs of Metropolitan Melbourne performed strongly with rental demand for both houses and units. Some of the highest demand suburbs include:

VIC Suburb Rental Demand