The Queensland rental market has generally tightened over the year to June 2018 and with this quarter reporting 24 tight markets, up from 19 tight markets in the March quarter.
Brisbane LGA ’s rental market moved from the healthy range, with vacancies of 3.1 per cent in March, to the tight range, with 2.3 per cent in June 2018. However, this market is being described by local agents as patchy, with tenants favouring certain pockets over others.
The rental markets in Greater Brisbane, including the outer Brisbane regions of Ipswich, Logan, Moreton Bay and Redland, are tight with vacancies in the range of 1.2 per cent to 2.5 per cent.
The key findings for June 2018 were as follows:
- Greater Brisbane’s vacancy rates tightened to 2.2 per cent, sitting within the tight range for the first time in nearly three years.
- Redcliffe in Moreton Bay was the tightest market in Greater Brisbane, reporting vacancies of 1.2 per cent.
- Brisbane LGA vacancies tightened from 3.1 per cent in March to 2.3 per cent in June. Inner Brisbane remained operating within the healthy range. However, Brisbane middle-ring vacancies reduced to 2.1 per cent, moving into the tight range.
- The rental market in the tourism centres continued operating generally in the tight range, with vacancies in the range of 0.8 per cent and 3.6 per cent.
Source: https://www.reiq.com/reiq/posts/media/qld_rental_markets_tighten.aspx
