Why is my rental property vacant?
Common reasons for vacancy: overpricing, poor presentation, low marketing exposure, too many restrictions (pets, short lease), or market oversupply. Fixes include competitive pricing, sharp presentation, updating marketing, and ensuring tenant appeal.
How to diagnose
- Is your rent aligned to the current market?
- Are photos and market listing top quality?
- Do you allow pets, longer leases, or flexible move-in?
- Are open for inspections well attended?
Melbourne context
Inner Melbourne vacancy rates in 2026 remain near all-time lows, but segments vary. Rentals must be marketed at current value, not last year’s peak.
Options for action
- Immediate price review
- Upgrade online listing and photography
- Promote unique features
- Speak with a local leasing expert
FAQ
- Should I accept an early offer?
- Are incentives worthwhile?
- What if I can’t lease after 4 weeks?
Struggling with rental vacancy? Get a bespoke review with Collings.
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