Best Time to Lease Your Property in Melbourne CBD

May 23, 2025

If you are considering leasing your property in Melbourne’s CBD, timing is crucial—particularly with international students driving much of the rental demand.

The peak leasing period is January to February, coinciding with the arrival of students for the university year. During this time, vacancy rates drop significantly. As of March 2025, Melbourne’s vacancy rate stood at 1.5%, reflecting a tight rental market . A secondary peak occurs in July, aligning with mid-year intakes.SQM Research

While international students comprise less than 7% of all renters nationally , their concentration in the CBD is notable. Many prefer apartments near major universities, especially given the shortfall of 15,000–20,000 purpose-built student accommodation beds in central Melbourne .

Additionally, factors like rising borrowing costs and increased land taxes have led many investors to sell, reducing the number of available rentals .

Considering leasing? Speak with our team today to make the most of Melbourne’s high-demand rental window.

Categories: Rent, Lease

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