An article in the Courier Mail today by Michele Hele comments on the tight rental market in Brisbane.
The article quotes REIQ figures showing the Brisbane statistical division vacancy rate grew by only 0.2% in the June quarter. It also had the median rent for a three bedroom home increasing from $390 to $400 per week. The tightest vacancy rate was in the Redlands at 1.9%.
There was an interesting comment for REIQ CEO Anton Kardash, “It’s a very healthy market if you are an investor”.