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

Share this article to

Melbourne Real Estate News and Updates

Stay informed with expert insights, market updates, and lifestyle tips from the heart of Melbourne’s property scene. The Melcorp real estate agency Melbourne blog is your go-to resource for all things real estate.

Property Owners in Melbourne: When to Get a Rental Appraisal?

For property owners in Melbourne, it’s easy to fall into the habit of setting rent once and forgetting about it, especially if your tenants are long-term and your property stays occupied. However, without regular rental appraisals, you risk undercharging your tenants, or missing important signals in a shifting market. In this guide, our experts at … More

High-Return Studio Apartments: Insights from Real Estate Agency Melbourne

Studio apartments are not all the same. Some may appear to be excellent deals on paper, but they disappoint in terms of rental yield, while others quietly exceed expectations and deliver strong returns year after year. If you’re navigating the property market, particularly in the Central Business District (CBD) or fringe suburbs, learning how to … More

Melcorp Real Estate: Assisting International Students with Melbourne Apartments CBD

Arriving in Melbourne as an international student is an exhilarating experience, but it comes with a set of challenges. One of the first decisions you’ll have to make is where to live, and this selection will influence the rest of your time here. At Melcorp Real Estate, we simplify the process by helping international students … More

Melbourne City Apartments: Investing Strategies Amid Supply Crisis

The volume of new apartments delivered across the CBD and surrounding suburbs has dropped dramatically, with fewer than 3,000 completions expected in 2025. For investors, this shortage presents a double-edged sword. While limited stock makes competition fiercer, it also drives stronger rental returns and potential long-term capital growth, especially in high-demand areas of the inner … More

Renter Retention Strategies in Property Management Melbourne

Retaining quality tenants is a subtle yet crucial aspect of property management. In Melbourne’s competitive rental market, your role as a property manager extends beyond merely leasing properties; it involves cultivating lasting tenant relationships. With vacancy rates in Melbourne currently sitting at around 1.8% (SQM Research, April 2025), competition among landlords is fierce – not … More