The latest stats are out for the September quarter with good times remaining for tenants.
The median rent for a 2 bedroom apartment across the inner suburbs remains unchanged at $440/week, while postcode 4000 (CBD and Spring Hill) dropped $10 to $530/week. Job losses in the CBD have hit home and tenants have had the option to move to cheaper suburbs.
Three bedroom houses also dropped $10, now $450 across inner Brisbane.
Tenants should enjoy the lull in rents – it may be short-lived. The number of properties in the rental pool dropped again in the quarter and we’re not replacing them with new construction. And fewer tenants are leaving to become first home buyers.
If you’d like to see the median rents for your suburb go to www.WhatRentMyHome.com.au for free, instant rental stats (and no need to give your name, email etc!)