Useful Facts Without Opinions: Brisbane vacancy rates near record lows
There’s slim pickings for Brisbane tenants right now, with the latest Real Estate Institute (REIQ) report on Brisbane vacancy rates showing we’re back to near record lows. Across our inner-city 97.9% of rental homes are occupied.
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. With rising demand it’s no surprise our Brisbane property management team is witnessing rent increases in almost every suburb.