THE Wimmera's rental market is enjoying a boom period.
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PRD Nationwide Wes Davidson Real Estate principal and managing director Wes Davidson said the rental market in the past six months was as strong as he had ever seen.
"It is the lowest vacancy rate we have seen and some months the rate has been zero, which means there have been no properties available," he said.
"There is more and more pressure being put on the rental market because more people are wanting or choosing to rent.
"Statistics show about 28 per cent of the Australian population rents but at the moment I would think that figure is a bit higher," he said.
Mr Davidson said the group would release a full market report for 2011 next month.
Coller Rathgeber Property Group director Tim Coller said the market was extremely tight.
"There are no immediate trends but we have noticed properties are being released at figures higher than they were previously tenanted for," he said.
"All in all it is very positive for both rentals and sales."
Gerry Smith First National Real Estate managing director Gerry Smith said he had also noticed the strong rental market.
"There is an above-average demand for rentals and prices are tracking upwards," he said.
"I don't know if there is any one reason for the increased rental demand.
"There has been a decrease in first home buyer participation in buying so I'm not sure if that is a factor."
