March quarter Rental Market Update – Woolloongabba, Dutton Park, Buranda
One quick look at the graphs shows the market jumping around a lot, but it’s worth remembering 4102 is still a small market – we have less than 1500 rental homes – so you need to read any stats with some caution. Rents across Woolloongabba, Buranda and Dutton Park outperformed most of Brisbane’s inner-city suburbs during 2011. 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. It’s worth noting that rents for local houses rose 6% over the past year. Overall tenant enquiry has been good and while rents across broader Brisbane have remained relatively flat, 4102 landlords are benefiting from the improving lifestyle amenity of this area.
Note: RTA stats quoted here cover all of postcode 4102 including Woolloongabba, Buranda and Dutton Park.
If you would like a rental appraisal for your property call our Property Management team on 07 3214 6899 or email firstname.lastname@example.org
For median rent information visit www.WhatRentMyHome.com.au