Median rents back to $500/week
Despite a growing rental pool, local rents managed an impressive rise to a median $500/week during the September quarter. New apartment projects have been adding to supply while investors are coming into this local market in bigger numbers.
Even with this, and the impact of border closures and absent interstate and overseas tenants, rental demand is high. Our leasing team report strong enquiry for 4169 rental homes and we’re achieving some strong rents for our landlord clients.
Once Queensland opens back up we’d expect this to be one area that benefits from even higher tenant demand.
Note: RTA stats quoted here cover all of postcode 4169 including East Brisbane and Kangaroo Point.