The carousel of the property rental market has slowed recently as people have settled into new jobs and the children have started school again. The vacancy rate continues to hover at an unlikely low of 1%, meaning it’s tough times for renters but lessors are wearing smiles. Recent rent rises have taken the market above pre-Covid levels. And, with supply of rental properties limited, the imminent wave of immigration will put further upward pressure on the price of renting in Melbourne for the foreseeable future.

There has been a whirl of activity by landlords and rental agents to make all properties compliant with the new Electrical Minimum Safety Rental Standards. Any of our clients who have not ensured compliance should contact Abercrombys’ property management team and we will see that your property is made compliant, thus minimizing the chance of litigation in the event of some electrical malfunction.