Articles

Rental Market

The June quarter REIQ residential vacancy rate data highlights that the rental demand within the South East Queensland region is strong, with most rental markets posting a vacancy rate of 2.5 per cent or less.

Several factors have affected SEQ’s rental markets – consistent net migration growth, potential first home buyers remaining on the sidelines and lacklustre residential construction activity are placing further stain on rental markets within this region.

Within the Greater Brisbane region rental markets recorded tight vacancy levels, with demand increasing further in some areas.  Most markets also saw slight increases in median weekly rents.