Interstate migration continues to rise and Brisbane’s rental properties are filling up!
Vacancy rates in the inner, middle and outer areas of Brisbane are shrinking, as demand builds and absorbs the market’s excess stock.
Vacancies continue to decline. Recent stats show the vacancy rate fell to 2.9 per cent in July, the fifth straight month of decline in a row. Brisbane now has an estimated 9,800 rentals vacant, in contrast to Sydney’s 20,000 plus.
Realestate.com.au has recorded a 12 per cent rise in demand for rental properties in Brisbane.