Dutton Park, Woolloongabba

Local rents rising – eventually!

It’s hard to see it in the graphs but rents across the 4102 postcode outperformed most of Brisbane’s inner-city suburbs during 2011, according to new stats from the Residential Tenancies Authority. In the December quarter the median rent for a local 2 bed apartment dropped $80 to $400 per week. But it’s still up 5% on a year ago and it’s worthwhile remembering that Woolloongabba, Buranda and Dutton Park is still a small market – we have less than 1500 rental homes – so you need to read any stats with some caution.

The release of new apartment buildings (and there’ve been a couple recently at Carl Street and Jurgens St) can often skew the data as more expensive apartments hit the market. Overall tenant enquiry has started 2012 very strongly and we’re expecting to see some solid rent rises for local homes.

Note: RTA stats quoted here cover all of postcode 4102 including Woollongabba, Buranda and Dutton Park

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/