West End Property Management: Spring Market Update
Record high rents for “Brisbane’s most expensive postcode”
Local rents have hit an all-time record high of $550/week. It’s been 10 years since our median rent first tipped $500 but the brakes were applied by the tsunami of new apartment supply in 2015 to 2017, then the pandemic.
Even with closed borders (and our leasing team noticed the last closure’s huge impact on interstate tenant enquiry almost overnight) we’ve seen a steady rise in demand for 4101 rental homes. And limits on supply.
This peninsula is already Brisbane’s most expensive apartment postcode and it’s growing in popularity by the day.
Note: RTA stats quoted here cover all of postcode 4101 including South Brisbane and Highgate Hill.