Understanding rental market speed is crucial for Melbourne homeowners considering selling, as it reflects overall demand and potential buyer interest. As of December 2025, the speed at which rental properties are leased provides a valuable indicator of the broader property market’s health.
Currently in Melbourne, and particularly within the Eastern Suburbs – areas Fletchers has served since 1919 – rental properties are being leased at a rapid pace. Vacancy rates remain low, and well-presented properties in desirable school zones like Balwyn, Blackburn, and Ringwood are often secured within 7-14 days. This is driven by strong population growth, limited new housing supply, and a preference for established neighbourhoods. The process typically involves online advertising, professional photography (costing $500-$1,500), and multiple applications per property. Competition amongst tenants is high, meaning properties are frequently leased at or above the advertised rental price. This quick turnover highlights the strong demand for housing, which often translates to increased buyer confidence. Sellers can realise this by presenting their property to maximise appeal, focusing on features favoured by families – light-filled spaces and renovation potential are key. A well-executed marketing campaign, costing $3,000-$8,000, is essential to attract a strong pool of potential buyers.
The swift rental uptake in 2026 demonstrates a competitive Melbourne market where well-positioned and presented properties are highly sought after, influencing both rental yields and sales potential.