Spring Hill, trends in Brisbane property

Spring Hill rents flat but with light ahead for landlords

Local rents were flat in the second half of 2011, according to new stats released by the Residential Tenancies Authority. The median rent for a 2 bedroom apartment remained at $560 per week during both the September and December quarters, reflecting the quieter rental market and caution from landlords.

Rents are down slightly ($15) on the same time a year earlier but as the graphs show the trend is slowly upwards. Postcode 4000 remains Brisbane most expensive by a big margin and strong corporate demand for serviced apartments means supply to the long-term tenant market remains very limited. The local rental pool grew by just 2 homes in the December quarter.

January has started with a real rush and enquiry to our 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 4000 including Brisbane CBD.

If you would like  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/