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 December quarter released this week:

– Across Brisbane median weekly rent for a 2 bed apartment stayed at $400 in the December quarter – a price first achieved in March 2014

– Inner-city suburbs saw rents drop $5 to $490/week, back to where we were in September 2012…

– 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 were also static at $420 per week over this last quarter

– The December quarter was very busy – there were 1846 new bonds lodged for 2 bed apartments in the inner-city alone. We went back 10 years and couldn’t find another December quarter than exceeded 1725 new bond lodgements

– The RTA’s full count of bonds can provide interesting info as this is the only true measure of the size of our rental market. For example, these stats show the number of rental homes in Brisbane’s inner-city grew by 275 dwellings in the December quarter. This 0.8% growth was actually slower than the increase in the rental pool for the whole of Brisbane, which rose 1% (or 1494 homes)

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