Rental vacancy rates brisbane
BRISBANE is fast becoming a landlords’ market as vacancy rates tighten and rents continue to climb, putting investors in the box seat in 2020. New data released by SQM Research reveals asking rents for houses increased 0.9 per cent in December to $473 a week — that’s 3.4 per cent higher than they were a year ago. The March quarter vacancy rate data reveals generally improving rental markets across Queensland, according to REIQ’s Q1 2018 Vacancy Rate report, released today. Regional Queensland in particular has delivered good results in the wake of two or three bleak years. Brisbane’s vacancy rates are steady, but have remained high in good news for renters. The vacancy rate for all dwellings in April is 2.7 per cent, slightly higher than the 2.6 per cent recorded Large-scale building and more first-home buyers have kept Brisbane’s rental vacancy rates among the highest in the country for both houses and units, according to Domain Group data. However, this increased vacancy rate over previous years has resulted in some decline in rental rates throughout Inner Brisbane. Currently, the Inner Brisbane rental market appears to be stabilising. This is due to residential construction beginning to wind down, with the last significant wave of apartment supply set to enter the marketplace Following on from December, January’s vacancy rates are also affected by seasonality. We will have a clear picture of the rental market when the numbers for February are released. However, we do believe that rental vacancy rates have now peaked in Sydney, Brisbane, Perth and Darwin.
23 Feb 2020 While the overall figures for the Brisbane housing market remained flat Traditionally in Brisbane, vacancy rates have been tight; hovering well
23 Dec 2019 Sydney will remain a landlord favourable market with rental growth to The above average vacancy rate in Brisbane ensured that the market Rents were now trending up and vacancy rates down, she said. “The picture for south-east Queensland in terms of rental returns is pretty good, it's also one of 15 Oct 2019 The latest Urbis Inner Brisbane Apartment Rental Review reported a vacancy rate of 0.6% for the June quarter 2019, the lowest rate recorded 8 Nov 2019 Sydney's rental vacancy rate remains the second-highest of the capital cities, behind Darwin, as dwelling unit completions and investment stock
Australian cities continue to witness shrinking vacancies and inflating rent While vacancy rates in Brisbane and Perth hovered above 3% a year ago, they are
town – vacancy rate sep 2019/vacancy rate june 2019 Greater Brisbane: 1.7%; 2.4% (The last time the Greater Brisbane vacancy rate was this low was September 2008) Brisbane LGA: 1.6%; 2.8% (The last time the Brisbane LGA vacancy rate was this low was September 2008) The rental vacancy increased slightly last month, but is still tight at 2.9 per cent, and lower than the 3.2 per cent recorded the same time last year. New Farm had the most unit vacancies, with 109 apartments advertised for rent, and recorded a median rental price of $400 per week. Brisbane City had 95 vacancies and a median price of $550 per Brisbane’s rental market has recorded its lowest vacancy rate in 11 years, and has re-entered the “tight range” for the first time in three quarters. That is according to the latest REIQ Rental Vacancy Report, which found vacancy rates have shrunk to 1.6 per cent. a tightening of 1.2 per cent since the June quarter.
14 Jan 2020 Darwin rose to 3.5 per cent, Brisbane to 2.9 per cent and Perth to 2.5 per cent. Rental markets in Hobart remained tight with vacancy rate at just
8 Nov 2019 Sydney's rental vacancy rate remains the second-highest of the capital cities, behind Darwin, as dwelling unit completions and investment stock 2 Oct 2019 Brisbane continued to be the only capital to experience increases in weekly Vacancy rates decreased 0.1 per cent in Sydney (3.4 per cent), Perth (2.9 per QBE's Australian Housing Outlook 2019-2022 report has forecast 30 Oct 2019 Vacancy rates are still at record lows and has already resulted in rent increases for a BRISBANE's rental demand has been soft for a decade. 21 Aug 2019 Brisbane and Adelaide recorded minor decreases of 0.1% in vacancy Sydney, Melbourne and Hobart's vacancy rate remained steady over the month. “Perth continues to record a recovery in its rental market which should 2 Jun 2019 Continued improvement in the leasing market and rental growth is expected to see demand led to the vacancy rate falling 160 basis points. This provides an estimated available total stock for rent. The numerator is then divided into the denominator, which provides a vacancy rate percentage. Some have argued that using online real estate listings cannot be done because of advertising of false listings and properties that are only advertised for a fleeting moment as they are taken
BRISBANE’S inner-city apartment glut is hurting investors as renters instead flock to the suburbs in search of a place to call home. New data from the Real Estate Institute of Queensland’s (REIQ) reveals a sharp increase in the number of tenants taking up accommodation in Brisbane’s middle ring (5-20km) during the December quarter, with the vacancy rate tightening from 3.4 per cent to 2
Brisbane’s vacancy rates are steady, but have remained high in good news for renters. The vacancy rate for all dwellings in April is 2.7 per cent, slightly higher than the 2.6 per cent recorded Large-scale building and more first-home buyers have kept Brisbane’s rental vacancy rates among the highest in the country for both houses and units, according to Domain Group data.
Brisbane still has the highest vacancy rate of any east coast capital city, and it is still higher than the national average of 2.1 per cent. Currently there are 9774 vacant rental properties across Brisbane.