Brisbane Housing Market – Rental Increases

In Uncategorized by Jeff OsborneLeave a Comment

The Brisbane housing market continues to defy the housing downturn by showing one of largest national rises in rent. This is according to the latest quarterly report from Corelogic.

This report has shown good news for Brisbane investors, with rent prices rising 0.8% for the first quarter despite concerns regarding the current downturn.

The Queensland Capital has now matched the national median of $436 per week and is attracting more investors to the nations 3rd biggest City. This is helped by predictions of enjoying the nations largest per capita migration numbers over coming years.

The latest report shows a changing of the guard for Brisbane recording an overall annual growth of 1.4 percent after several years of a declining rental market. Brisbane property is also presenting strong rental yields at 4.55% above the national average of 4.1%.

The rental increase is a positive sign for investors. The relative affordability, compared to the more expensive Sydney and Melbourne, means that Brisbane is seeing the largest numbers of interstate migration along with some of the strongest investor confidence overall.

Inner city suburbs are projected to present great capital growth opportunities but will be followed closely by suburbs in the middle and outer rings as entry level investors look to take advantage of Brisbane’s opportunities.

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