We’ve seen further tightening of the rental market through the first quarter of 2021, according to the latest Real Estate Institute (REIQ) report on Brisbane vacancy rates.
The graph shows a full decade of the local market, with the orange vacancy rate band of 2.5% to 3.5% defined by the REIQ as a balanced market. Landlords in the inner suburbs still require some patience but the start of this year has been busy for Brisbane property management and tenant demand is rising.
I own 2 units in Southbank Rydges Hotel. It had been used as a quarantine property for a period. I’m not sure if the units can be viewed now.
I understand the selling prices for these units had gone up quite a lot.
Thank you
Thanks for your comment Johnson. As you’ve seen in some of our blog posts the inner-Brisbane market is very much returning to pre-COVID levels and the next 12 months looks quite positive for landlords especially as students and tourists return.