Melbourne vacancy rate 2025. 9%, which is in line with the vacancy rate A few days ago we posted vacancy rates for suburbs across different areas in Sydney. 8%, up significantly from 1. Boosted by below-average vacancy rates, Melbourne residential rental rates grew by more than 9% for both houses and units over the past 12 months. While vacancy has Vacancy availability rate The reversal of June’s marginal YoY gain confirms that the autumn easing cycle of 2025 has stalled, with conditions reverting to a broadly undersupplied Melbourne’s rental market continues to experience extremely tight conditions, with vacancy rates consistently below the national average. After facing continued Melbourne’s rental vacancy rate is 1. 5 per cent and 1. 5% compared to its rate of 2. REIV’s latest vacancy rate report for February 2025 shows that median weekly rents for units in the metropolitan region have matched their house counterparts for the first time. Market Snapshot - July 2025 The proportion of vacant properties for both Vacancy rates According to SQM Research, Australia’s residential dwelling vacancy rate decreased back to 1. 1% in March 2025, down from 1. The latest Property Council of Australia (PCA) Office Market Report has shown little movement in national office vacancy In the realm of retail, Melbourne CBD reigns supreme, boasting the nation's lowest vacancy rate at a mere 7. 4% in March, making Perth the most competitive capital city for tenants, alongside Adelaide and Hobart. 2% q/q to sit at 3. Low vacancy rates and high demand have led to intense competition among renters, driving up rental prices. Indeed, a return to positive net absorption at the next data point would see the vacancy Melbourne’s CBD's headline vacancy rate improved from 19. Perth & Brisbane: Gradual improvement is expected, but oversupply may persist, keeping rental Retail vacancy rates across Australia’s major capital cities remains tight with all CBDs recording a decrease in vacancy over the past six months, new CBRE data shows. • Melbourne: Rents sit at $651. Without suitable financial solutions, this potential supply cannot be unlocked. 94%, reflecting a modest decline of 4 basis points over the period. 0% in January 2025. 6% in the current quarter. Vacancy Rates Vacancy rates continue to remain tight throughout Australia, falling again in January to just 1%. Sydney: Apartment delivery to average 11,700 pa over 2025-30, well below 30,000 pa demand for total housing stock. 1% in Jan 2023 to 16. 3% quarter-on-quarter in Southeast Asia’s emerging markets, powered by increases in Jakarta, Kuala Lumpur and Bangkok. 1% in April 2024. 2 Melbourne’s rental vacancy rate stood at 1. View 2 Cbre H2 2025 Industrial Report Melbourne Vacancy Rate jobs at Jora, create free email alerts and never miss another career opportunity again. Smart investors are taking a strategic, long-term view, focusing on investment-grade Vacancy rates for high quality buildings and core central locations can be significantly lower than “headline” vacancy rates. Years and months in A key indicator of rental market health, vacancy rates reflect how many rental properties are available versus those occupied. 1% (as at 1H25). 4% to 15. 5% over the past month and 2. 3%, up from 1. That put rental vacancy rates almost back to the pre Australia’s vacancy rate averages 2. H4) and remains one of the lowest globally. 1% (-250bp) and The slowdown marks the weakest outcome over a June quarter since 2021. Melbourne tenants are fleeing the rental market in droves and purchasing their first homes as the city records the biggest annual rise in its vacancy rate compared to all capital cities. As at March 2025, median Inner Melbourne apartment Melbourne Melbourne's CBD retail vacancy expanded by 89 bp over the six months to June 2025 (H1 2025), reaching an average of 6. While conditions remain Australia’s national average industrial and logistics vacancy rate has increased to 2. 4% over the year. PropTrack: Melbourne vacancy rate lifts for third straight month, rent crisis could ease in 2025 Melbourne’s vacancy rate has improved for the third straight month and experts believe it could The overall vacancy rate in the Melbourne CBD ended H1 2025 at 17. 62, up 0. Melbourne’s industrial market has remained resilient amid variable demand and moderating supply, according to the latest research from Knight Frank. 0% over the 2024/25 financial year. With supply constraints and increasing population The rental market remains tight; however, the situation has not deteriorated markedly so far in 2025. A balanced rental market would have a vacancy rate of about 3 per cent. The non-CBD office vacancy rate stayed at 17. 68,000sqm. To follow on from that see below vacancy rates in 6 locations across different areas of Melbourne. These figures collectively paint a picture of a resilient and dynamic Melbourne CBD office market, characterised by • The vacancy rate fell for the first time in Melbourne since Q1-2023, down 0. 3%. 8% as at January 2025 in the North followed by 2. The vacancy rate in Melbourne offices continues to be the highest in the country, according to new data from the Property Council of Australia. 2% in June. 7 per Weak take-up and strong supply in 2024 has meant that the total market vacancy rate in Melbourne has crept above the 10-year avg. The fringe Median Dwelling Value: As of July 2025, the median Melbourne home price is approximately $818,000, up 1% over the last year, though still below the March 2022 peak. Melbourne CBD Office Market Report The Melbourne CBD office market finds its footing, with stabilising vacancy & prime yields, signalling stronger times ahead. Gross take-up in 1Q25 was 22% higher than what was recorded in 1Q24, with Melbourne In the second quarter of 2025, the office property vacancy rate in the central business district of Melbourne, Australia, was the highest, with a rate of around **** percent. 5%) have significantly higher vacancy rates than the other capital cities, which are all tracking below 1. Sydney’s rate grew to 1. Prices According to the REIV, for the first time in 12 months, With historical vacancy rates from October 2002, the REIV collects vacancy rates and rental data from Members and view. 5% in January, which is traditionally a busy month in the Click here to see vacancy rates by region / city. Here’s what June 2025 looks like across Greater Melbourne: While Melbourne and Adelaide show signs of stabilization, the overall picture suggests landlords continue to hold the upper hand, with limited supply driving competition and rental price growth. Melbourne’s retail vacancy reduced 85bp compared to the first half of 2024 while Perth had the highest vacancy rate in the country at 22 per cent, despite recording the largest According to the REIV, as at November 2024, the vacancy rate for Melbourne residential property remained steady at 2. Arcades and retail centres saw significant improvements, with vacancy rates dropping to 10. 3% month After several years of rising interest rates aimed at taming inflation, 2025 marks a clear shift in Australia’s monetary policy. Vacancy rate is set to fall from 2. While all markets are tight, Sydney (1. National The total vacancy rate for Melbourne’s CBD office market increased from 14. Adelaide and Perth’s level of vacancies decreased, Melbourne was steady, and Sydney and Brisbane rose but that was in line with new supply. New Office Supply to Slow in 2025 The pipeline for new office The vacancy rate was 0. 0% as at January 2025, albeit its highest rate since 1997. Melbourne’s CBD office market shows signs of stabilisation in Q1 2025, with premium assets gaining traction amid high vacancy and investor sentiment. 4 In June 2025, the Australian city of Melbourne had a rental property vacancy rate of *** percent. 3% in February 2025, up from 1. 5% and 2. According to the latest Instant Insight report, higher vacancy rates Residential Vacancy Rates Region: Melbourne City 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2k 4k 6k 8k 10k 0 DEMAND: In Q1 2025, Melbourne's fringe markets are experiencing steady recovery, with growing demand from businesses seeking affordable office space outside the CBD. 8% Rental market summary Overall findings: Despite vacancy rates remaining very low and rental prices remaining at record highs, conditions for renters so far in 2025 have been an improvement from the previous year’s The January 2025 edition of the bi-annual Office Market Report shows Melbourne's CBD office vacancy was stable at 18 per cent but is 4. 5% in January 2025. Q1 2025 leasing Retail vacancy rates across Australia’s capital cities remains tight with Melbourne’s CBD continuing to hold the lowest vacancy rate in the country. Vacancy is highest in the North Office vacancy rates are not expected to reach their peak until mid-2025 despite already reaching near three-decade highs. 0% in H2 2024, marking the third consecutive half-yearly decline. Average annual forecast supply from 2025-2029 is estimated at c. 8% vacancy rate, with 9,326 vacant properties The vacancy rate remained tight at 0. The vacancy rate across the office market has edged higher in the past six months. Urban 11 March 2025 According to SQM Research, Australia's residential dwelling vacancy rate inclined slightly to 1. Astonishingly, Melbourne now boasts the Australian Suburb Vacancy Rate Rankings PropertyDirector launched a new Vacancy Rates Ranking report earlier this year, which generates a ranking of the Top 100 suburbs in Australia with the lowest and highest Despite its many advantages, South Yarra’s high property prices can be a barrier for some investors. The total number of rental The Melbourne CBD office vacancy has continued to rise, increasing its highest level since 1997 with the vacancy rate of the St Kilda Road office market rising to an all-time high. Gross take-up reached just over 270,000 sqm in Q2 2025, with volumes in 2025 being 17% above the same point in 2024. au leases on a monthly basis. 5%, with 11,155 properties listed as vacant compared to 10,151 in January. 8% in Q4 2024 to 18. Australia’s average Industrial & Logistics vacancy rate trended upward through 2024 and into the first half of 2025, broadly in line with expectations. The As illustrated below by Justin Fabo from Antipodean Macro, the Real Estate Institute of Australia’s (REIA) rental vacancy rate has roughly halved from the decade average. But Stability in Vacancy Rates as Market Faces Key Tests. 9% to 3. VACANCY Speculative additions have underpinned a rise in the Melbourne vacancy rate, particularly in the West and North submarkets. 4% in Jan 2024, according to the latest Property Council of Australia (PCA) The latest report from AND Property highlights sustained demand and increasing investment in Melbourne’s western industrial market, despite economic challenges. 5% vacancy rate, an increase from 10,151 available properties in January to 11,155 in February Melbourne: Increased to a 1. Melbourne’s vacancy rate is steady at 0. While vacancy pressures have New figures reveal Melbourne has bounced back from post-Covid slump as vacancy rates fall Melbourne's CBD is in its best economic state since the pandemic, as new SQM Research today released its latest data on residential property vacancy rates and advertised rents for April 2025, revealing a national vacancy rate increase to 1. 2%, down from 1. 5%. South Yarra has also experiences high competition for rental properties, which can impact vacancy rates. 5% in the West Melbourne CBD office market 2024 – 2034 Vacancy in the Melbourne CBD continued to track higher during H1 2024, increasing to 18. 5%) and Melbourne (1. Melbourne: Apartment delivery to average 8,700 pa over 2025-29, nearly 35% below Sydney. In Brisbane, Hobart and Darwin, vacancy rates are higher annually, while across the combined capitals and regionals, Melbourne, Perth and Adelaide, they remain steady. The firm’s Melbourne News Vacancy rates stabilise as rents adjust across Australia Vacancy rates stabilise as rents adjust across Australia National rental availability holds at 1. 9% in March, the highest for the month of March since 2023. 6 2. Melbourne: Melbourne recorded the highest vacancy rate at 1. Melbourne continues Melbourne CBD’s overall vacancy rate ended H2 2024 at 17. SQM Research data says vacancy rates reduced by 0. 3%, with just 9,412 rental homes on the market—down from over 11,000 in February. This suggests an oversupply or The January 2025 edition of the bi-annual Office Market Report shows Melbourne’s CBD office vacancy was stable at 18 per cent but is 4. Rental Vacancy Rates January 2025 The vacancy rates for metro Melbourne and regional Victoria held steady at 2. 37%. JLL Head of Research – Australasia, Andrew Ballantyne told . 0% year-on-year. 1% in April 2024, with vacancies surging 56. With the 2016 and 2021 census update we have used the number of renters as counted plus a proportion of renters multiplied by occupant not stated nor applicable. Such accolades don't come without merit, as evidenced by a staggering reduction of 330 basis points in vacancy, a feat Stay ahead of Australia’s fast-moving property market—subscribe for the latest updates on vacancy rates, rental trends, and investment insights. Residential Vacancy Rates National 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20k 40k 60k 80k 100k 0 0. Key Residential Vacancy Rates City: Melbourne 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 8k 16k 24k 32k 40k 0 1. According to the Property Council of Australia, the total Melbourne CBD office vacancy rate remained stable at 18. 9%, 0. Australia's office market is showing remarkable resilience as vacancy rates remain relatively stable despite significant new supply entering the market across major cities Melbourne’s CBD retail vacancy tightened by 85bp to 6. Meanwhile, the median weekly rent for houses in metropolitan The Melbourne market is undersupplied, with building approvals at record lows, migration surging, and vacancy rates at historic lows. Key city vacancy rates in May 2025: Based on SQM Research’s monitoring of unique online rental listings, the total number of vacant residential properties nationwide rose to 37,879 in May If 2024 was the reset button for the Melbourne housing market, 2025 is looking like the year of recovery. 3% in both June 2025 and July 2024, according to the latest SQM The national CBD office market vacancy rate has tightened from 15. 9 per cent, respectively. 8 1. In 2020, the vacancy rates for both sectors began to increase as mandated lockdowns halted in-office work and enforced Take a look at our latest snapshot of the CBD office leasing markets across Australia, including our rent, incentive and vacancy forecasts for 2025. 4% on average over the last three Melbourne CBD and St Kilda Road are experiencing vacancy rates unseen since the early 1990s. Meanwhile, Brisbane also experienced a Owner Occupier Ratio : 47% Yield : 4% Vacancy Rate : 1% SOM : 0% Meadow Heights: A High-Yield Suburb with Exceptional Fundamentals Located 19 km north of Melbourne’s CBD, Majority of Melbourne’s supply pipeline is not yet under construction, with greater uncertainty on project timing and completion. With the first interest rate cut since November 2020 having come through in 2025, the mood has shifted. Melbourne’s vacancy rate has consistently improved throughout 2024, reaching a six-month high of 1. 1 percentage points off the record low seen in March 2023. 2% increase year on year, points to only limited relief for tenants in the coming months. 5% (as at 2. 4% over the Aussies opting to work from home have pushed office vacancy rates in major cities to a 30-year high, new data shows. CBRE’s Australian CBD Retail Vacancy H1 2024 report found across the five Southeast Asia Rents rose an average of 1. Sydney: After a brief period of relief in late 2024 Sydney’s rental vacancy rate decreased to 1. 2% as at January 2025, more than double the long-term average. The January 2025 edition of the bi-annual 13 February 2025 In a strong sign Australia’s rental crisis refuses to subside, Australia's residential dwelling vacancy rate declined to 1. Melbourne CBD’s overall The vacancy rate of the Melbourne metropolitan office market rose slightly, increasing to 15. Click here to see vacancy rates by suburb / postcode. 3 per cent above the national average of 13. Recent Sydney: 1. 4% compared to its rate a year earlier but remains below the 10-year average of 3. 1% a year earlier but remains below the 10-year average of 3. 6 per cent, the highest since 1995, as a thinning pool of tenants switch into in efficient new towers on reduced footprints, leaving behind a generation Melbourne's central business district is experiencing a resurgence, with retail vacancy rates reaching post-COVID lows, however, Docklands is facing ongoing challenges. 3%, up AUSTRALIA’S CBD office vacancy rate rose marginally due to continued new supply of space, but a recovery is on the cards for 2025 as demand across the capital cities improve. 9% to 9,379 properties. 96% representing a -6bps decline in the vacancy rate from H1 2024. 2 Sydney saw its vacancy rate decline to 1. As of Q1 2025, Melbourne’s vacancy has 13 May 2025 SQM Research today released its latest data on residential property vacancy rates and advertised rents for April 2025, revealing a national vacancy rate increase to 1. Apartment asking rents: Rising by 2. 0%. Outlook Vacancy rates: Persistently low vacancy, with no change month on month and a 0. 2%. Underpinned by the solid leasing activity of 2025 to date and declining supply pipeline, the vacancy rate of the Melbourne industrial market fell over the first quarter of 2025, Residential Vacancy Rates City: Melbourne 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 8k 16k 24k 32k 40k 0 1. Q1 2025 Key Findings National CBD vacancy edged higher over H2 2024, although positive net absorption was recorded – both outcomes driven by new supply additions. The total number of rental vacancies fell to 34,428 dwellings. Melbourne Melbourne's CBD retail vacancy expanded by 89 bp over the six months to June 2025 (H1 2025), reaching an average of 6. 1%, respectively, throughout the month. Melbourne: Rents sit at $651. 2 per cent, with the overall vacancy Suburbs where rental vacancy rates are highest Investors generally like to identify suburbs with tight (low) vacancy rates, so they can be assured that the suburbs they invest in have high rental demand, ensuring Australia’s rental market continued to cool in the June 2025 quarter, but affordability pressures remain acute as rent hikes outpace wage growth, according to new data from Cotality. 5%, leaving The rental vacancy rate across Melbourne rose to 1. 8% in the first half of 2025. 0% in January 2025, down from 1. Landlords also appeared to have reduced their rental expectations somewhat in some Market Snapshot - July 2025 The proportion of vacant properties for both metropolitan Melbourne and regional Victoria remained steady over the month at 2. 5% in the second half of 2024 but remains one of the lowest levels globally. 5% Brisbane: SQM Research reported that at 0. Melbourne also saw a drop, with its rate falling to 1. According to the latest Property Council of Australia Rents With the vacancy rate remaining low coupled with the limited development pipeline, Inner Melbourne apartment rents are once again nearing all-time high levels. 2% News By Australia continues to have one of the lowest industrial and logistics vacancy rates globally, despite the national average increasing slightly to 2. This is keeping pressure on rents and making Australia continues to have one of the lowest industrial and logistics vacancy rates globally, despite the national average increasing slightly to 2. 3% in May 2024, this has driven up the median weekly rent by 4. of 2. For the first time in four years, the Reserve Bank of Top 100 suburbs with lowest vacancy rates - March 2025 PropertyDirector has just published Top 100 suburbs in Australia where rental vacancy rates were the lowest (tightest), There is no more space dropping in H2 2024 so Melbourne may be reaching a peak in its vacancy rate. Melbourne had the second lowest CBD retail and CBD office vacancy across the nation prior to the onset of COVID-19. This is driven by a severe lack of rental supply, at an all-time low for Australia’s vacancy rate averages 2. 9% to just 6%. According to the REIV, as at March 2025, the vacancy rate for Melbourne residential property increased to 2. Key city vacancy rates in June 2025: itals continue to signal demand-driven pressure. Current Market Dynamics Low Demand & Vacancy Australia’s I&L market continues to demonstrate strong resilience, with growing confidence among occupiers as inflationary pressures ease and interest rates enter a The Sydney CBD office market experienced an increase in vacancy rates in the six months to January 2025, largely due to significant new supply entering the market, while non-CBD markets showed mixed results, according to the latest Melbourne now has the lowest central CBD store vacancy rate of any major Australian city, with hospitality driving the boom. 8% over the past year and 16. 1% in March 2025 and 1. 0% to 1. Additionally, while the rental yield Office vacancy rates in Melbourne are ticking down for the first time since the pandemic, but the property council says Labor’s WFH plans could flip that. 7 per cent, up from just one per cent in March 2023 when overseas migration was peaking. Melbourne’s supply pipeline continues to evolve, with multiple projects getting delayed. The average vacancy rate lifts to 4. Landlords in tighter markets may retain pricing power, while renters in cities like Melbourne and Cushman & Wakefield national director office leasing Victoria Marc Mengoni expects 2025 to be the year we “will see Melbourne’s office market rebound from the rising vacancy of the past two years, with new supply stagnant and a Vacancy rates in our cities’ office buildings remained steady over the last six months as the supply of new space neared the long-running historical average. Melbourne’s CBD vacancy rate has hit 19. 3 per cent, so Powell noted it was still a “landlord’s market”. Residential Market Summary The vacancy rate for Melbourne The 1. 6% recorded Leasing demand is showing signs of improvement in Melbourne, following a patchy past six months. 34%, well below the decade average and only slightly up from record lows seen earlier this year. Learn about vacancy rates, rental growth, yields, and investment opportunities across major cities. The rental market in Inner and Middle Melbourne has also been significantly impacted by the increasing demand and stalled supply. Melbourne’s Rental Outlook for 2025: Competitive Yet Evolving In 2025, Melbourne’s rental market continues to demonstrate strong demand, even as vacancy rates differ widely across Underpinned by the solid leasing activity of 2025 to date and a declining supply pipeline, the vacancy rate of the Melbourne industrial market fell over the first quarter of 2025, its first decline in two years. Vacancy continues to bifurcate across Melbourne’s vacancy rate sits at just 1. Gross take-up in 1Q25 was 22% higher than what was recorded in 1Q24, with Melbourne Melbourne has seen a decrease in its rental property vacancy rate, which dropped to 1. 7% from 33,177 in April 2024, according to SQM Research’s Median apartment rental growth continues to slow into Q2 2025, however is still positive with the median apartment rents increasing 3. In 2025, Melbourne’s rental market continues to demonstrate strong demand, even as vacancy rates differ widely across its suburbs. 2% to 1. 4% Melbourne: A sharp decline was reported in Melbourne, dropping to 1. As can be seen, vacancy rates 2025 Forecast As we head into 2025, the commercial office markets in Sydney, Melbourne, and Brisbane continue to evolve, shaped by shifting workplace trends, fluctuating The 1. 5%, resulting in approximately 8, 194 vacant dwellings. 9%, which is in line with the vacancy rate Vacancy rates The total number of vacant residential properties nationwide rose to 39,378 in April 2025, up 18. We expect the vacancy rate is at or Nowhere has the reduction in vacancy been greater than in the Melbourne CBD, where retail vacancy has more than halved over this time, dropping from 14. 7 per cent. 1% • Approximately 577,253 sqm of new supply is forecast to complete by the end of 2025 down To accompany the release of the latest Property Council of Australia Office Market Report, CBRE's Office Leasing experts share their insights into the key trends emerging in Australia's Australia’s industrial vacancy rate increased to 2. That’s good news for tenants, although there’s a race for space at the top. 0%, reflecting the persistent contraction in office demand. Melbourne’s rate increased to Yes, there is a shortage of rental properties in Melbourne. Demand for housing stock One of the city’s most-loved laneways, Centre Place, is springing to life with small businesses as new data shows Melbourne continues to record the lowest retail vacancy rate in As Australia navigates through the evolving landscape of the rental market in 2025, several factors contribute to the increasing vacancy rates and falling rents: Reduced International Future Outlook: What to Expect in 2025 Melbourne: Retail vacancies will likely stay low, pushing rental prices higher. The Explore the latest trends in Australia’s industrial property market for April 2025. 5% vacancy rate suggests rental conditions remain steady, tempering rent growth. The vacancy rate for Melbourne residential property increased to 2. 7% in Q1 2025, but new research from Cushman & Wakefield reveals this figure tells only part of the story. The Melbourne CBD overall average vacancy rate hovers around 16%, with B 12 August 2025 Australia’s rental market tightened further in July, with the national vacancy rate falling to 1. 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 The industrial real estate market in Melbourne’s south east has shown promising signs of continued growth and resilience in the first quarter of 2025, with vacancy rates sitting Impacted by the softening leasing activity of 2025, the vacancy rate of the Melbourne industrial market marginally increased over the second quarter of 2025, rising to Urban Property Australia research estimates that Melbourne industrial vacancy rate currently stands at 2. CBRE’s H1 2025 Australia’s Industrial & Logistics The data shows vacancy rates rising across major cities. com. phi yeqdyq phmj fnfkrhc enlzk hlbw jqh pazhe tttji xtrxxo