The rental market across Banyule continues to perform strongly, with several suburbs achieving impressive growth over the past year. According to recent data, Ivanhoe and Eaglemont have both ranked in the top 10 suburbs for annual house rental growth, while Ivanhoe East, Eaglemont, and Heidelberg Heights also feature among the top 10 suburbs for unit rental growth.
This performance reflects the relative scarcity of quality rental homes in prestigious and well-connected suburbs, many of which sit within Banyule’s highly desirable pockets. Demand continues to be driven by Renters seeking lifestyle, convenience, and access to leading schools and amenities, factors that underpin the long-term strength of the local rental market.
Looking ahead, new Victorian rental reforms will come into effect on 25 November, introducing further updates to tenancy legislation. The Miles Property Management team is well prepared for these changes, ensuring full compliance and a smooth transition. Our Rental Providers can feel confident that all necessary adjustments will be managed and communicated.
Standout rentals include a penthouse at 304/244 Lower Heidelberg Road, Ivanhoe East which leased at $1100 per week and 2/34 Devon Street, Eaglemont which leased at $1200 per week.
As always, we remain committed to providing proactive, professional management and strategic advice to help our clients make the most of their investment properties in a continually evolving market. Get in touch today.
