The Queensland rental market continues to be tight with vacancy rates remaining steady moving only slightly by 0.1 per cent from 2.2 per cent in the September quarter to 2.1 per cent for the December quarter.
Rental markets continue to remain strong across Queensland. Out of 52 markets reported, 34 are tight, 6 have healthy vacancy rates whilst 12 have been reported as weak. That means over 65 per cent of rental markets in Queensland are tight with reported vacancies of 2.5 per cent or less.
Suburbs in Brisbane’s bayside are expected to perform strongly this year as the region continues to witness favourable market conditions. Gumdale was one of the best-performing in terms of average annual increases, along with Wakerley and Manly.
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