Since the start of the pandemic in March 2020, house rents have risen 26.5 per cent (the equivalent of $129 per week added to the median rent), and unit rents have risen 25.6 per cent (a lift of $115 per week). Rent values in regional Victoria have seen a slightly larger proportional increase since March 2020, with house rents rising 28.6 per cent (or an equivalent weekly rent value increase of $106) and unit rents up 31.8 per cent (up $93 per week).

Rolling annual change in rent values in greater Melbourne