We were excited to lease 3 properties last week, 1 new listing in Eight Mile Plains was rented within 6 days after settlement on 12 July!
Enquiry level, number of people came to inspections and applications were high for the more affordable properties, which shows how tight is the rental market. I did feel sorry for the families who have a deadline to move.
– Brisbane’s vacancy rate fell from 1.4% to 1.3% in May
– Over the month till 28 June 2021, there was a 2.5% increase in capital city average asking rents for houses and a 1.20% increase for units.
– Australian house prices continue to rise.
- Cash rate was held unchanged at 0.1%. The board has signalled that the cash rate is likely to remain on hold until 2024 at the earliest.
Read more: https://www.propertyme.com.au/blog/industry-news/june-property-market-update-2021
