Useful Facts Without Opinions: Brisbane’s rental market
Here’s the official numbers for Brisbane’s rental market for the September quarter. These stats are reported by the Residential Tenancies Authority each time a new bond is lodged so they’re as accurate as it gets.
- Across Brisbane median weekly rent for a 2 bed apartment was up $10 to $420.
- On average, inner-city suburbs also rose $10 to $490/week. Inner-Brisbane’s median rents first hit this mark six years ago!
- 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 increased, up $5 to $430/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 27% of Brisbane’s rental pool, with 47,300 rented dwellings
- While the rate of growth is slowing, this inner-city rental supply rose 12% in the past year (5,200 extra dwellings).
- The 12 month increase in rental homes has been dominated by postcodes 4101 (South Bris/Highgate Hill/West End with an extra 1,780 dwellings) and 4006 (Newstead/Valley/Bowen Hills (1,730 extra rental properties).
Please share your comments on Brisbane’s rental market!