We have collected data on the Brisbane rental market including vacancy rates, median rents and yields in order to paint that picture.
12 Month Brisbane Rental Market Overview – Tight Vacancy, Absorption of New Stock, Varied Levels of Success
Overall, performance has been varied, particularly in terms of rent achieved (which will be discussed in detail below). Vacancy across the inner city is still relatively tight – the REIQ reported a vacancy rate of 3.3% for the September 2015 quarter, a slight softening on the previous quarter but still an undoubtedly tight market (it equates to properties being vacant for less than two weeks out of the year).
Further, the days of investors achieving 6% yields in Brisbane are well behind us. The CoreLogic Quarterly Rental Review shows that yields have softened to 4.5% for the September 2015 quarter. This means that in 2016, landlords will need to have realistic…
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