MRE’s Vacancy Rate vs the Industry Average

As an owner of an investment property, what is the thing you worry about the most? Is it vacancy?

The Real Estate Institute of Victoria (REIV) have released their latest stats, which suggests the vacancy rate for inner city Melbourne has fluctuated between 1.8% – 2.1% for the past year.

Throughout 2019, MRE has maintained an average vacancy rate of 0.82% and never exceeded 1.09%. Considering the number of properties we manage, we’re pretty stoked with these figures!

Whilst the present sentiment is that the inner city market is flooded with properties, we reject this as an excuse for rising vacancy rates. Instead, we engage a strategic leasing strategy to ensure we are maximising the rental income of your investment property, whilst also leasing it in the shortest amount of time.

Intrigued on how we do it? Take a look at our 30 Day Leasing plan video to find out:

MRE continually outperforms industry averages, regardless of current trends. For us, it’s not the market, it’s the marketing. This means more rental income hitting your account.

Want to know more about we deliver world-class service while achieving the highest rental return? Click here to see how the team at MRE can deliver the best possible outcome for your investment property.