It's been a tough couple of years for Melbourne property investors.
Not only have property values fallen but rent prices for Melbourne houses have dropped for the first time in seven years, according to Domain’s Rental Report for the June quarter.
But as always the markets have been fragmented and rentals have fallen more in Melbourne's more affluent suburbs.
The following map shows the year-on-year percentage change in median rents according to Domain.
Median weekly house rent falls
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| Median rent | YoY | 5-year | |
| Armadale | $750 | -11.8% | 15.4% |
| Toorak | $990 | -10.0% | 10.6% |
| Parkville | $640 | -8.6% | -1.5% |
| Aspendale | $498 | -7.9% | 15.7% |
| Monbulk | $415 | -6.7% | 13.7% |
| St Kilda West | $750 | -6.0% | 7.1% |
| Diamond Creek | $450 | -4.8% | 12.5% |
| Botanic Ridge | $483 | -4.5% | 6.0% |
| Canterbury | $860 | -4.4% | 1.2% |
| Upwey | $430 | -4.4% | 16.2% |
| Caulfield South | $670 | -4.2% | 20.7% |
Source: Domain Rental Report, June quarter 2019
Median weekly house rent rises
| Median rent | YoY | 5-year | |
| Deepdene | $918 | 22.3% | 38.0% |
| Blairgowrie | $475 | 18.8% | 35.7% |
| McCrae | $440 | 17.3% | 33.3% |
| Williamstown North | $560 | 15.5% | 31.8% |
| Strathmore | $580 | 13.7% | 38.9% |
| Lower Plenty | $450 | 12.5% | 21.6% |
| Alphington | $675 | 12.5% | 28.6% |
| Clayton South | $478 | 11.0% | 29.1% |
| Bellfield | $443 | 10.6% | 26.4% |
| Elwood | $750 | 10.3% | 23.5% |
| Eaglemont | $650 | 10.2% | 18.2% |
Source: Domain Rental Report, June quarter 2019
Median weekly unit rent rises
| Median rent | YoY | 5-year | |
| Sunshine North | $325 | 12.1% | 25.0% |
| Macleod | $330 | 10.0% | 57.1% |
| Vermont | $405 | 9.5% | 17.4% |
| Sunshine West | $350 | 9.4% | 25.0% |
| Fairfield | $360 | 9.1% | 20.0% |
| Mount Martha | $455 | 8.3% | 25.5% |
| Alphington | $390 | 8.3% | 18.2% |
| Lilydale | $345 | 7.8% | 14.0% |
| Oakleigh East | $430 | 7.8% | 19.4% |
| Burwood | $280 | 7.7% | 30.2% |
Source: Domain Rental Report, June quarter 2019
Median weekly unit rent falls
| Median rent | YoY | 5-year | |
| Burwood East | $398 | -10.7% | 8.9% |
| Albert Park | $450 | -7.2% | 8.4% |
| Rosebud | $333 | -5.0% | 12.7% |
| Mont Albert North | $450 | -4.3% | 13.9% |
| Newport | $400 | -3.7% | 24.8% |
| Box Hill South | $415 | -3.5% | 13.1% |
| Gisborne | $355 | -3.4% | 16.4% |
| Sandringham | $430 | -3.4% | 13.2% |
| Brooklyn | $360 | -2.7% | 20.0% |
| Oak Park | $370 | -2.6% | 15.6% |
Source: Domain Rental Report, June quarter 2019
