Brisbane landlords, Brisbane's rental market

Useful Facts Without Opinions: Brisbane’s rental market

The latest stats are out on Brisbane’s 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 this week:

  • Across Brisbane median weekly rent for a 2 bed apartment was down $20 to $400
  • On average, inner-city suburbs rose $5 to $485/week (after a $5 dip in the previous quarter). Inner-Brisbane’s median rents have hovered around this price since 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 also dipped $20 to $420/week
  • 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 now home to 26% of Brisbane’s rental pool, with 41,090 rented dwellings
  • This inner-city rental supply has now risen 12% in the past year (4,428 extra dwellings). The June quarter increase was however the lowest in a year with 872 homes (after 3 quarters of 1000+ growth in supply).
  • There was sizeable growth this past quarter in the number of rental homes in South Bris/Highgate Hill/West End (226 extra dwellings) and Newstead/Valley/Bowen Hills  (194 extra rental properties)

Please share your comments on Brisbane’s rental market!