Brisbane CBD, Spring Hill

Rental Market Update – Spring Hill

Rents rose strongly in the June quarter, our median 2 bed apartment rising $40 to a record $580 per week. The downturn in international students at the start of 2011
had slowed the market but a resurgent corporate demand has seen us achieve some great results for landlords. The supply of rental homes in this postcode is slowly starting to rise again, but we’re still below the levels of 2 years ago.  The CBD’s record rents are steadily encouraging tenants to look up the hill and, while affordability is affecting some tenants, Spring Hill landlords are benefiting.

Note: RTA stats quoted here cover all of postcode 4000 including Spring Hill and Brisbane CBD

If you would like  a rental appraisal for your property call our Property Management team on 07 3214 6899 or email info@beesnees.com.au

For median rent information visit www.whatrentmyhome.com.au