Melbourne Rental Market Remains Robust: What Investors Need to Know in 2025
The overall Melbourne rental market continues to perform strongly, with vacancy and arrears rates remaining exceptionally low. At Miles, our vacancy and arrears rate is well under 1%, significantly outperforming Melbourne’s overall vacancy rate of 2.4%*. This stability reflects the strong demand for quality rental properties in the area.
Renters seeking quality upgrades
Properties are leasing well, however Renters are increasingly looking for homes that have been updated and well-maintained. Modern finishes, refreshed interiors, and energy-efficient features are becoming key factors in attracting quality Renters. If your investment property needs an upgrade, Miles Concierge offers a refresh and renovation service. Utilising our trusted trade partner network, the Miles Concierge service will manage everything from minor updates to non-structural renovations, ensuring your property remains competitive in the market while also helping to increase rental returns.
The Miles Concierge transformed the above property prior to leasing.
Rental Reforms 2025
Looking ahead, there are important rental reforms set to take effect in November this year. One of the key changes includes an increase in the notice period to vacate, extending from 60 to 90 days, along with rent increases. The Miles Property Management team is undertaking specialist training to ensure our team and Rental Providers remain fully informed and compliant with these new regulations.
Recently Leased
A standout leasing result in March was 67 The Righi, Eaglemont—a stunning five-bedroom home that achieved $1,500 per week and leased off-market in only two days. This highlights the continued demand for premium rental properties in Banyule.
If you’re considering leasing your investment or need expert advice on property management, our experienced team is here to help. Get in touch on 03 9497 3222.
