Brisbane landlords, Brisbane's rental market

Useful Facts Without Opinions: Brisbane’s rental market

The latest stats are out on our rental market. The Residential Tenancies Authority records the rent when a new bond is lodged and each quarter we sit down to analyse the results and get a handle on emerging trends. Here’s the numbers for the June quarter released last week:

– Across Brisbane median weekly rent for a 2 bed apartment dropped $5 to $395 – back to where it was in December

– Inner-city suburbs saw rents rise $15 to $495/week – a good increase, but only back to where we had already been in September!

– Over the past year the inner-city suburbs have had rent growth of just 1%, with greater Brisbane experiencing a 1.3% rise

– We track 2 bed apartments as our ‘headline’ stats due to their dominance in the rental market: but for comparison Brisbane’s 3 bed houses dropped $10 to $410 per week over this last quarter

– By law all bonds held for a rental home must be lodged with the RTA, so their full count can provide interesting info: e.g. Our inner-city (just 21 suburbs) is home to 24% of Brisbane’s rental pool, with 33,810 rented dwellings

– This inner-city rental supply rose by just 55 dwellings in the June quarter; St Lucia for example now has less rental homes than it did 2 years ago

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