Milton rental market update: Supply easing
The graph still has a fairly strong upward trend line in the size of our local rental pool, but with just 49 extra dwellings added so far in 2018 landlords have reason to feel at least a little optimistic. The cranes are coming down in big numbers across inner-Brisbane and tenant demand is very strong.
The drops in median rents don’t yet show this rebalancing of the market, but Bees Nees Realty’s property managers are witnessing some small increases in their lease renewals. It is hard to see rents remaining so low for long.
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Note: RTA stats quoted here cover all of postcode 4064 including Paddington.