With historical vacancy rates from October 2002, the REIV collects vacancy rates and rental data from Members and view.com.au leases on a monthly basis.
Market Snapshot - May 2026
The vacancy rate in metropolitan Melbourne went up to 2.8 per cent over the month, while regional Victoria also rose to 2.4 per cent.
Median weekly house rents for metro Melbourne remained unchanged at $590 while it held steady at $520 for regional Victoria for three consecutive months.

