Newtown $295 Hamilton $190 Geelong-Newcomb $292 Benalla $194 3-bedroom Metropolitan Melbourne East Melbourne $1,000 Melton $300 Albert Park-Middle Park-West St Kilda $900 St Albans-Deer Park $330 Toorak $900 Werribee-Hoppers Crossing $330 Brighton $875 Sunbury $335 Armadale $850 Pakenham $340 South Yarra $850 Sunshine $340 Regional Victoria Torquay $450 Morwell $225 Newtown $395 Hamilton $240 Ocean Grove-Barwon Heads $380 Portland $240 Belmont-Grovedale $360 Moe-Newborough $250 Herne Hill-Geelong West $360 Corio $260 Lara $350 Rental availability New Lettings The number of new lettings provides an indicator of the overall availability of rental housing for a specific period. A new letting can result from two main sources: turnover in existing rental housing or new additions to the stock of rental housing. Table 5 shows the total number of new rental lettings for the June quarter 2017. Across the state, the total number of new lettings was 49,008, a decrease of 5.9 per cent on the same quarter of 2016. Metropolitan Melbourne recorded a decrease of 5.2 per cent in new lettings and regional Victoria a decrease of 8.5 per cent on the same quarter of last year. Metropolitan Melbourne accounted for 79.1 per cent of all new lettings in Victoria. Table 5: New lettings for metropolitan Melbourne, regional Victoria and Victoria June-17 June-16 Change Metropolitan Melbourne 38,754 40,878 -5.2% Regional Victoria 10,254 11,203 -8.5% Victoria 49,008 52,081 -5.9% Table 6 lists the total number of new lettings across each of the 14 statistical regions. Of the nine metropolitan regions, all recorded an annual decrease in the number of new lettings. The annual change in new lettings to the June quarter 2017 ranged from a decrease of 10.1 per cent in North Western Melbourne to a decrease of 0.2 per cent in South Eastern Melbourne.
Newtown $295 Hamilton $190 Geelong-Newcomb $292 Benalla $194 3-bedroom Metropolitan Melbourne East Melbourne $1,000 Melton $300 Albert Park-Middle Park-West St Kilda $900 St Albans-Deer Park $330 Toorak $900 Werribee-Hoppers Crossing $330 Brighton $875 Sunbury $335 Armadale $850 Pakenham $340 South Yarra $850 Sunshine $340 Regional Victoria Torquay $450 Morwell $225 Newtown $395 Hamilton $240 Ocean Grove-Barwon Heads $380 Portland $240 Belmont-Grovedale $360 Moe-Newborough $250 Herne Hill-Geelong West $360 Corio $260 Lara $350 Rental availability New Lettings The number of new lettings provides an indicator of the overall availability of rental housing for a specific period. A new letting can result from two main sources: turnover in existing rental housing or new additions to the stock of rental housing. Table 5 shows the total number of new rental lettings for the June quarter 2017. Across the state, the total number of new lettings was 49,008, a decrease of 5.9 per cent on the same quarter of 2016. Metropolitan Melbourne recorded a decrease of 5.2 per cent in new lettings and regional Victoria a decrease of 8.5 per cent on the same quarter of last year. Metropolitan Melbourne accounted for 79.1 per cent of all new lettings in Victoria. Table 5: New lettings for metropolitan Melbourne, regional Victoria and Victoria June-17 June-16 Change Metropolitan Melbourne 38,754 40,878 -5.2% Regional Victoria 10,254 11,203 -8.5% Victoria 49,008 52,081 -5.9% Table 6 lists the total number of new lettings across each of the 14 statistical regions. Of the nine metropolitan regions, all recorded an annual decrease in the number of new lettings. The annual change in new lettings to the June quarter 2017 ranged from a decrease of 10.1 per cent in North Western Melbourne to a decrease of 0.2 per cent in South Eastern Melbourne.