Melbourne Luxury Rentals Are Booming Again – Here’s Why
We’re seeing the highest levels of enquiry for $1,000+ per week rental properties in over five years.
What’s driving it? It’s not investors or overseas executives – it’s local homeowners.
With the market strengthening, many owners have chosen to sell while conditions are favourable but aren’t rushing to buy again immediately. Instead, they’re opting to rent high-quality homes while:
- Searching for the right next property,
- Renovating or rebuilding their long-term residence,
- Staying flexible in a competitive market.
The result? Strong competition for well-located, premium homes – especially those with family appeal, outdoor space, and lifestyle access.
If you own a luxury investment property or are considering leasing a former home, now is the time. Demand is high, vacancy rates are low, and the quality of renters entering the market is stronger than ever.