Highgate Hill, South Brisbane and South Bank, West End

Bumpy ride for rent rises

Local rents dipped slightly in the last quarter of 2011, according to new stats released by the Residential Tenancies Authority. The median rent for a 2 bedroom apartment dropped $10 to $500 per week, reflecting the quieter rental market and caution from landlords.

Rents are up 6% on the same time a year earlier ($470/week) so overall it’s good news for investors. The CBD’s workforce continues to be a big driver of demand for this neighbourhood and crossing the river saves tenants $60 (the median for postcode 4000 is $560/week). And they can live on the doorstep of all our local lifestyle amenities!

January has started with a real rush and enquiry to our South Brisbane office from tenants is the busiest we’ve seen in some years. We’re expecting the RTA data will show 2012 starting as a great year for local investors.

Note: this RTA data is collated by postcode so includes new bonds lodged throughout 4101: South Brisbane, South Bank, West End and Highgate Hill

If you would likeĀ  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 http://www.whatrentmyhome.com.au/