Rental report

The rental report provides key statistics on the private rental market in Victoria.

Rental Report statistics – June quarter 2022

The June quarter 2022 Rental Report indicates that over the previous quarter the median rent increased by $20 in both metropolitan Melbourne (to $430 per week) and in regional Victoria (to $395 per week).

The Melbourne Rent Index (MRI) increased by 3.2 per cent in the June quarter, the largest quarterly increase since June 2008. In the twelve months to June 2022, the MRI increased by 7.7 per cent. This annual rate of change is well above that in the twelve months to June 2021 (-3.0%) and well above the long term average annual increase over the past ten years (1.5%).

The Regional Rent Index (RRI) increased by 1.3 per cent in the June quarter. In the twelve months to June 2022, the RRI increased by 8.9 per cent. This annual rate of increase is below that in the twelve months to June 2021 (9.3%) but well above the long-term average annual increase over the past ten years (3.8%).

Rental trends – June quarter 2022

Median weekly rent Median weekly rent Rent index Quarter % change Annual % change
Melbourne $430 237.7 3.2% 7.7%
Regional Victoria $395 288.4 1.3% 8.9%
Victoria $420 241.5 2.9% 7.7%

Notes

  • Median weekly rent is based on all new rental lettings for the quarter.
  • The Rent index is based on median rents stratified by location and dwelling type to control for compositional shifts in new lettings. December quarter 1999 = 100.
  • Quarterly and Annual percentage change is calculated from the relevant Rent Indices, not median weekly rents.

Rental Report June quarter 2022 (Word)

Rental Report time series data

The following spreadsheets provide selected charts and tables from the report and detailed time series statistics for some key Rental Report time series data from June quarter 2000 to June quarter 2022.

Affordable lettings by local government area - June quarter 2022 (Excel)

Moving annual rents by suburb - June quarter 2022 (Excel)

Quarterly median rents by local government area - June quarter 2022 (Excel)

Tables from rental report - June quarter 2022 (Excel)

More information

Email Social Housing Reform unit: shr@homes.vic.gov.au

See the Past rental reports page for Rental Reports from 2007 onwards.