Brisbane Rental Price Trends 2019

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Brisbane Rental Price Trends 2019

In today’s blog, we review Brisbane’s rental price trends for the first half of 2019. If you’re a Brisbane renter or a property investor, you'll be glad to know that the Brisbane property market remains steady, with median house rental prices at $400 per week. Currently, this makes Brisbane the third cheapest capital city in Australia to rent a house. Vacancy rates have also fallen to 2.2 per cent over the past 12 months, which suggests the market may be strengthening.

On the other hand, prices for the Greater Brisbane region have fallen 2.2 per cent over the quarter, potentially damaging the capital growth of many investors.

The median unit rental price remained flat at $380 per week showing a 2.7 per cent year-on-year. Despite the oversupply of units, economists believe that Brisbane rents had held up better than expected.

Brisbane’s Weekly Asking House Rents

Rental activity has also shown strong rental activity with more houses and townhouses becoming in demand with families targeting school catchments. Gold Coast Hinterland displayed the largest increase YoY change with 8.7% while Brisbane East, South, West, Inner City, Ipswich, and Moreton Bay South remained stagnant at 0.0%

Brisbane Rental Price Trends 2019 - A9 Property

Brisbane’s Weekly Asking Unit Rents

The inner-city region displayed the stronger increase in unit rentals and grew 6.3% over the quarter. Rental demand from January to March was strong and May and June steady while July picked up substantially. Looking at cities, tenants on a budget can find themselves a bargain in suburbs of Ipswich and Logan, offering lower rent prices.

Brisbane Rental Price Trends 2019 - A9 Property

There’s more in store for Brisbane

Additionally, Brisbane is set to undergo new infrastructure projects (Cross River Rail, Queens Wharf, Howard Smith Wharf developments) that will boost its tourism and will potentially attract more investors. And with a strong investment market, Brisbane is more likely to gain a stronger rental market.

As property investors and property managers, we want to help you get the most out of your investments. A9 Property provides first-time homebuyers and property investors knowledge on the world of real estate. Our weekly real estate blog discusses a variety of property-related topics, including property investment strategies, real estate industry trends, and current property market shifts to give you valuable insights and help you make informed decisions. We specialise in off the plan properties – a popular investment strategy in Brisbane and Australia. If you're looking to invest, Check out our carefully selected portfolio of off-market properties for sale or contact us for an obligation-free chat to discuss how you can succeed in the business and make the right property investments.


ARTICLES SOURCES:

https://www.domain.com.au/news/brisbane-rent-prices-steady-but-citys-relative-affordability-is-improving-856922/ https://propertymash.com/news/rental-market-update/ https://propertymash.com/news/brisbane-infrastructure-tourism-boom/

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