Useful Facts Without Opinions: Border closure eased Brisbane vacancy rate
While the media headlines tell of limited homes available for rent, the Brisbane vacancy rate data to the end of December actually shows the market actually took a pause while southerners were locked out.
The latest Real Estate Institute (REIQ) report on Brisbane vacancy rates shows the great wall of Coolangatta reduced pressure on local supply.
Across our inner-city 97.7% of rental homes were still occupied however, and the recent border opening has seen a rush of new tenants. Our Brisbane property management team is now witnessing huge turn-outs at open homes and rent increases in almost every suburb.