Useful Facts Without Opinions: Brisbane’s rental market through COVID-19
As life starts to return to some kind of normal, new stats show Brisbane’s rental market has so far escaped the worst of COVID-19. While their site doesn’t carry all rental listings rent.com.au have reported on April’s advertised rents across each of the capital cities – and we’ve fared far better than most!
- Median rent for a Brisbane apartment dropped just 1.3% in April to $390/week
- According to the website, it is taking an average 24 days to secure a new tenant; that’s 25% longer than we saw in March
- Meanwhile rent for a Brisbane house slipped 2.3% in April
- The southern capitals have experienced the worst of COVID-19 with Melbourne apartment rents dropping 4.8% in April; Sydney fell 3.8%
- Brisbane’s affordable rents may be working in our favour: we remain one of the most affordable capital cities with a median rent per bedroom of just $155. This compares to the Harbour City where you’ll pay $266 per bedroom!
Please share your comments on COVID-19’s impact on Brisbane’s rental market.